In 2011, 74% of American employees had not considered a plan to cover health care expenses in retirement. This is a key component of any well-conceived retirement plan, as health care expenses typically increase to represent a significant portion of a retiree's income.
When creating a retirement income plan, it's important to consider that a couple's retirement assets may be diminished by the health care costs for the spouse who dies first. While you may end up spending less on things like travel and entertainment that when you first retire, be advised that medical and long-term care in your later years my require even more income.
Call my team toll free at 877-284-8929 today and tune in to Income For Life Radio to learn more.
Matt Nelson, president and host of Income For Life Radio
877-284-8929 toll free
www.IncomeForLife.org
"Do you ever lie awake at night, wondering what would happen if you were to outlive your retirement income? The thought of running out of money at a time in your life when you may be totally unable to replace it may be a major source of worry. Fortunately, you are not the first person to have this fear. And several decades ago, the life insurance industry decided to create a vehicle that helps to insure against this risk.” - Investopedia
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