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Category Archive:

Medicare Premiums and Copayments

More than one-half of working Americans know little or nothing about Medicare costs.1 Not knowing can be expensive.

On average, people who haven’t yet retired estimate they’ll spend approximately $50,000 on health care after retirement, according to a 2014 survey.1 In reality, studies suggest it will cost almost five times that amount – even when retirees have Medicare coverage.1, 2

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Retirement Readiness Tasks

When Fidelity Investments asked couples how much they think they will need to save for retirement to maintain their current lifestyle, 48% had “no idea.”

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Retirement Income

2016-10-lynns-signatureHere’s a million dollar question: How will you transform your savings into income that will last throughout your retirement?1

There are probably as many answers to that question as there are retirees.

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The Uncovered Costs of Increased Longevity

In the 1970s, a TV episode of The Odd Couple taught viewers never to assume.1 It’s a lesson we appear to have forgotten. Many Americans assume Medicare will provide financial assistance to help with long-term care costs in retirement. In fact, when asked, more than one-third (38 percent) of Americans age 40 and older put Medicare at the top of the list.2

The unfortunate reality, according to Long-Term Care in America: Expectations and Preferences for Care and Caregiving (2016 AP-NORC report), is Medicare does not typically cover long-term care needs.2

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