Paying off debt is their second greatest fear, Franklin Templeton found in a survey.
Tag: health care costs
This is up 2% from last year—and 75% from 2002, when Fidelity began estimating health care costs in retirement.
Although some retirees face catastrophic health care cost in retirement, EBRI found that most don't.
Of the 48% who say their health care costs have increased, more than one-quarter have decreased their retirement plan contributions.
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.
Only 41% of consumers surveyed understand what long-term health care expenses will be in retirement, and only one-third are confident they are saving at an appropriate rate to cover long-term health care needs.