Healthcare Expense Risks

 

Healthcare and Long Term Care costs can derail your retirement plan.

  1. Healthcare costs may rise substantially throughout your retirement years.
  2. A 65-year-old couple retiring in 2006 may need between $200K and $330K today to cover out-of-pocket medical expenses during retirement.
  3. One out of every two retirees will likely spend time in a nursing home or home healthcare facility.
  4. Nursing home expenses average $35K to $115K per year today. **

** Source: Source: NFS Brochure: Retirement Income Planning: America's Lifetime Income Challenge (Brochure #: 1.833058.100)