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Health Care and Other Benefits |
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| Planning for Medicare Premiums and Drug Costs Is a Difficult Fact of Life |
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A new EBRI analysis suggests some couples retiring in the near future could need as much as $370,000 in dedicated savings just for medical care; small wonder to see workers are hungry for advice on managing Medicare premiums and drug costs.
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| Checking in With Verizon Pensioners Post Risk Transfer |
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PLANADVISER interviewed a spokesperson for a large group of Verizon retirees back in 2015, shortly following their defeat in appellate court in a case challenging the merits of pension risk transfers; we catch back up with Jack Cohen to talk shop and ask, how have things been going post annuitization?
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| With Participation Rates Flat, NQDC Plan Sponsors Make Adjustments |
| Participation rates were notably higher in NQDC plans offering matching contributions (60%), while plans not offering a company contribution had an average participation rate of 37%.
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| Few Employees Using HSAs as Retirement Savings Vehicles |
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But, employees younger than 25 and older than 65 are more likely to say they try to save/invest their HSA funds, a survey finds.
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| Fearing Health Care Costs in Retirement |
| While most people say they want to live to the age of 90, only 27% of pre-retirees ages 50 and older feel financially prepared to fund a retirement that lasts 10 years, let alone 20 to 30 years, or even longer.
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| Boomers Expect to Rely Heavily on Social Security in Retirement |
| Thirty-eight percent of middle-income Baby Boomers—those with a household income between $30,000 and $100,000 and less than $1 million in investable assets—expect Social Security will be their primary source of income in retirement, up from 30% before the financial crisis of 2008, according to a study by the Bankers Life Center for a Secure Retirement.
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