ProspectingWe have saved a little for retirement and have built up some equity in our house. But I’m worried about what will happen when I no longer have access to my employer’s health plan. I’m too young for Medicare, and I have diabetes and hypertension that I need to manage or I could have a heart attack or stroke. What happens if I need to go to the hospital? It could ruin me financially. Healthcare, that’s the one thing that worries me.
-Joseph B., 57, Great Falls, Mont.

I thought I’d saved enough for retirement, but my investments are not drawing the interest I expected. And to add insult to injury, I recently became disabled, making it impossible for me to return to work.
-Hank R., 66, Rochelle, Texas

We feel pretty good about retirement. We both receive pensions and have private funds invested in the stock market. We also have CDs and a money market account, and we have no debt. We pay our credit cards off each month. So, we feel pretty confident about our money lasting. The one variable is health insurance. We pay for policies through my husband’s former employer’s plan, and we will be under Medicare in two more years. We don’t know how Medicare is going to change, though.
-Olivia S., 63, Omaha, Neb.

Not good. I was recently laid off from a well-paid position and now I’m earning $20,000 a year. When the market collapsed in 2008, I lost a lot of money and the value of my house dropped like a rock. I don’t think it’s going to get back to where it was, at least not in time for me.
-Harlon C., 62, San Jose, Calif.