Tag: Retirement risks
The brief’s key findings are: Health care costs loom as a major risk for retirees, with nursing home care as the real wild card. A typical couple at age 65 can expect to spend over its remaining lifetime: $197,000 with a 5-percent risk of exceeding $311,000, excluding nursing home care; or $260,000 with a 5-percent…
Introduction The National Retirement Risk Index (NRRI) has shown that even if households work to age 65 and annuitize all their financial assets, including the receipts from reverse mortgages on their homes, nearly 45 percent will be ‘at risk’ of being unable to maintain their standard of living in retirement. That is, these households ar…
