Tag: Health care

Changes in health commonly cause early retirements, according to CRR researchers, as do spousal retirements and marital status changes. 

When individuals plan ahead for long-term care, they can better secure their own future while reducing financial burdens on their friends and family.

Ninety-one percent believe their savings will last throughout their lifetime, MassMutual found in a survey.

But less than half are willing to do the same for better health care benefits, Willis Towers Watson learned in a survey. 

While 80% of investors say their adviser discusses risk tolerance, only 50% say they bring up the subject of guaranteed lifetime income.

However, they also say their wealth has helped them live a healthier life, UBS found in a survey

Health care costs, especially, come with sticker shock

Only 25% expect life to be better in retirement, Nationwide found in a survey.

Furthermore, only 37% are contributing to an IRA, and 18% to a HSA, Edward Jones learned in a survey

Of the 48% who say their health care costs have increased, more than one-quarter have decreased their retirement plan contributions.

The guidance covers verification procedures, timely loan and hardship withdrawal repayments, and health care coverage.