Our daily roundup of retirement news your clients may be thinking about.

Dire forecast: Why Social Security is going to fall short A report from HealthView Services shows that the lifetime health care expenses of a 45-year-old couple will be much higher than the overall Social Security benefits that the couple will receive, thanks to rising medical costs, according to this article from Money. The report indicates that the projected medical expenses of the couple after they retire will be 122% of their total Social Security benefits. “We assume Social Security will pay all our bills, as it did for our parents and grandparents. If you’re 45, it won’t even pay for your health care,” says an expert.

Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access