Retirement in Balance – Health vs. WealthHealth and finances are two of the biggest challenges that come with aging. When asked whether they worry more about their health or their finances in retirement, half of respondents admitted they are more concerned about their health (53%), while only one-third (35%) answered with the latter. But the 5% that answered “both” might be on to something – financial and physical health often impact one another.It also appears that a significant number of Americans may not be familiar with what their medical costs might be in retirement. More than half (56%) of respondents admit they have not researched what Medicare covers, and 69% acknowledge that they haven’t purchased long-term care insurance. Though future medical expenses can be challenging to predict or calculate, these actions can help alleviate financial stress should individuals encounter significant medical costs as they age.
Ameriprise Financial Survey Shows Americans Experience Disconnect Between Emotions, Retirement Goals And Financial Reality
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