BOSTON -- When it comes to retirement income, clients are concerned about rising health costs, and they probably also should be concerned about long-term care, said a top executive of Merrill Lynch's Retirement Income Program, in a keynote address here Tuesday at the Retirement Income Industry Association's fall conference.
Bill Hunter, director of Merrill Lynch's Retirement Income Program Management, was discussing some highlights of a 2011 survey his firm had done of clients with annual income of at least $250,000. Though the clients surveyed were affluent, they were still concerned with rising health care costs, Hunter said. In fact, rising health care costs was their number one concern.
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