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The Importance of Adjusting Financial Plans to Account for Rising Medical Costs - finance.yahoo.com
Social Security’s race towards insolvency garners much of the news space these days, despite the quietly spoken likelihood that Congress will — eventually — step into the fray and address the problem. Unfortunately, six years is not a long time to craft a viable, long-term solution, so we’ll simply need to stand by and observe the legislative machinations as they unfold. In the meantime, though, there’s another steadily evolving threat to seniors’ financial stability that goes beyond the insolvency issue–the relentless rise in medical costs in comparison to Social Security’s cost-of-living adjustment provisions. A post yesterday on finance.yahoo.com by The Motley Fool’s Maurie Backman sheds light on this topic, and illustrates what some seniors’ advocates are proposing to address it. Click here to read the post…
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