Advances in medicine have extended the “golden years” for many retirees—also increasing the number of years retirement savings must support everyday living expenses.
Those added years can carry a significant price tag in the form of rising healthcare costs. Recent studies suggest healthcare can become a six-figure retirement expense, even for people who do “everything right.” Yet planning lags. A recent D.A. Davidson survey of U.S. adults found that while 8 in 10 are concerned about healthcare costs in retirement, fewer than half have taken steps to plan for them. Why the disconnect?
