Tag: retirement
As retirees’ health declines, their medical costs go up. These costs include both everyday healthcare expenses and long-term care costs. The everyday expenses that Medicare does not cover – Part B and Part D premiums, copayments, eyeglasses, and dental care – consume about 20 percent of the incomes of households ages 75 and over. While not…
Since only about half of all private sector workers currently have access to an employer 401(k) plan, it’s not at all unusual for spouses who are both working to have only one saver in the family. When that’s the case, is the person who is contributing to the employer retirement plan saving for two? T…
