You might be shocked by how much healthcare could cost you as a retiree
In a recent survey conducted by Nationwide, it found pre-retirees significantly underestimated the percentage of their Social Security benefits likely to go toward their healthcare as they age. The respondents to the survey expected about 15 percent of their Social Security check to be used on health expenditures during retirement and as many as four in 10 older adults don’t believe any of their Social Security benefits will be needed to pay for medical care. However, an analysis of healthcare costs of typical seniors shows that a retiree on average is expected to spend 64 percent of their Social Security income on health expenditures. Read attached article for the steps you can take to plan for your healthcare expenses as a senior. Read article here…
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