Information you need to live a happy, worry-free retirement!
Issue 024 May 2014: Retirement Health Care Costs Are A Ticking Time Bomb
Feature
Retirement Health Care Costs: A Ticking Time Bomb
Health care costs for middle-income retirees are on a path to exceed Social Security benefits, according to a newly created Retirement Health Care Cost Index, by HealthView Services.
A recent Investment News article reported that retirement health care costs will increase from 69 percent of Social Security benefits for a couple retiring next year to 98 percent of Social Security benefits for a healthy couple retiring 10 years from now. For couples retiring two decades from now, the gap will be even more dramatic. Those couples will need 127 percent of average Social Security benefits to cover their health care costs in retirement.
Retirement health care costs measured by the index include all Medicare premiums and Medigap premiums, as well as out-of-pocket costs, including co-pays not covered by Medicare.
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Health and Wellness
Three Secrets of Happy Couples
Have you ever noticed those couples who have been married for many years yet act as though they are newlyweds? How about the couples who seem to always be happy? According to recent research, there are certain core values that make some marriages more intimate and resilient than others.
Read more here.
Healthy Recipe
Lemon-Garlic Shrimp & Vegetables
Here’s a healthy twist on shrimp scampi. We left out the butter and loaded the dish up with red peppers and asparagus for a refreshing spring meal.
Get this recipe.
In the News
The Sydney Morning Herald: Unable to Downsize As They Wish, Baby Boomers Are Staying in Their Old Homes Longer
Fox Business: Here’s What Needs to be on Every Boomers’ Retirement Check List
Forbes: What Is Old? Not 63 And Not Me, Say Aging Baby Boomers
The Lighter Side of Living
Reaching the end of a job interview, the human resources officer asked a young engineer fresh out of MIT, "And what starting salary were you looking for?"
The engineer replies, "In the region of $125,000 a year depending on the benefits package."
The interviewer inquires, "Well, what would you say to a package of five weeks vacation, 14 paid holidays, full medical and dental, company matching retirement fund to 50 percent of salary, and a company car leased every two years, say, a red Corvette?"
The engineer sits up straight and says, "Wow! Are you kidding?"
And the interviewer replies, "Yeah, but you started it."
Questions or Comments?
Is there a topic you’d like to read more about? We are always looking for ways to improve our newsletter!
Here are three ways to contact us:
Visit our Facebook page
Send us a Tweet @MtrHealthCenter
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We look forward to hearing from you!
Feature
Retirement Health Care Costs: A Ticking Time Bomb
Health care costs for middle-income retirees are on a path to exceed Social Security benefits, according to a newly created Retirement Health Care Cost Index, by HealthView Services.
A recent Investment News article reported that retirement health care costs will increase from 69 percent of Social Security benefits for a couple retiring next year to 98 percent of Social Security benefits for a healthy couple retiring 10 years from now. For couples retiring two decades from now, the gap will be even more dramatic. Those couples will need 127 percent of average Social Security benefits to cover their health care costs in retirement.
Retirement health care costs measured by the index include all Medicare premiums and Medigap premiums, as well as out-of-pocket costs, including co-pays not covered by Medicare.
Follow Us on Twitter.
Get notified as soon as we publish articles, news tips and other information you need to keep focused on achieving health and wealth in retirement.
Health and Wellness
Three Secrets of Happy Couples
Have you ever noticed those couples who have been married for many years yet act as though they are newlyweds? How about the couples who seem to always be happy? According to recent research, there are certain core values that make some marriages more intimate and resilient than others.
Read more here.
Healthy Recipe
Lemon-Garlic Shrimp & Vegetables
Here’s a healthy twist on shrimp scampi. We left out the butter and loaded the dish up with red peppers and asparagus for a refreshing spring meal.
Get this recipe.
In the News
The Sydney Morning Herald: Unable to Downsize As They Wish, Baby Boomers Are Staying in Their Old Homes Longer
Fox Business: Here’s What Needs to be on Every Boomers’ Retirement Check List
Forbes: What Is Old? Not 63 And Not Me, Say Aging Baby Boomers
The Lighter Side of Living
Reaching the end of a job interview, the human resources officer asked a young engineer fresh out of MIT, "And what starting salary were you looking for?"
The engineer replies, "In the region of $125,000 a year depending on the benefits package."
The interviewer inquires, "Well, what would you say to a package of five weeks vacation, 14 paid holidays, full medical and dental, company matching retirement fund to 50 percent of salary, and a company car leased every two years, say, a red Corvette?"
The engineer sits up straight and says, "Wow! Are you kidding?"
And the interviewer replies, "Yeah, but you started it."
Questions or Comments?
Is there a topic you’d like to read more about? We are always looking for ways to improve our newsletter!
Here are three ways to contact us:
Visit our Facebook page
Send us a Tweet @MtrHealthCenter
See our boards on Pinterest
We look forward to hearing from you!