Tag: retirees
Abstract The possibility of increasing the age at which Social Security benefits are first paid merits renewed scrutiny for at least three reasons: a decrease in overall benefits would imply that those claiming reduced benefits before the ‘full benefits age’ may accept benefits that seem adequate when claimed but are insufficient when income earnings ends…
The brief’s key findings are: Retirees in good health face higher lifetime health care costs than those in poor health. A typical healthy couple at age 65 can expect to spend $260,000 with a 5-percent risk of exceeding $570,000. A typical unhealthy couple can expect to spend $220,000 with a 5-percent risk of exceeding $465,000…
