Healthcare Costs the Top Uncertainty for New and Soon-to-Be Retirees
If you’ve ever dealt with serious illness or have been a caregiver for family members, you already understand the importance of thinking ahead about healthcare costs. It’s also top-of-mind for many Americans close to retirement age, according to a March survey – Retirement Reset – by the Alliance for Lifetime Income.
Healthcare costs are the No. 1 uncertainty for those aged 61-65 who are still employed, the survey found. Among the survey respondents, 53% believe they or a spouse or partner have at least a moderate chance of seeing high medical expenses in retirement, while 37% believe there’s at least a moderate chance they’ll need to provide care for someone.