Skip to content

Dire Forecast: Why Your Social Security Is Going to Fall Short

June 29, 2017

From the Money website

Future retirees’ safety net is shrinking, and you can blame inflation—not the politicians in Washington, D.C. Social Security and Medicare are critical components of the retirement safety net.

Yet, medical costs are rising at such a rapid rate that lifetime health care expenses will exceed the lifetime Social Security benefit of a 45-year-old couple. The pair will need 122% of their lifetime Social Security payments to cover their projected retirement health care costs, according to a report released Wednesday by HealthView Services, a Danvers, Mass.-based company that provides retirement health care cost data and tools to financial advisors.

Continue reading

From → Benefits

Comments are closed.