Tag: Health care

Simply put, a lack of insight and advice means Americans are failing to take full advantage of health savings accounts (HSAs).

CoveredAdvisor2.0 is delivered in collaboration with Decisely Insurance Services and Humana.

Changes in health commonly cause early retirements, according to CRR researchers, as do spousal retirements and marital status changes. 

When individuals plan ahead for long-term care, they can better secure their own future while reducing financial burdens on their friends and family.

Ninety-one percent believe their savings will last throughout their lifetime, MassMutual found in a survey.

But less than half are willing to do the same for better health care benefits, Willis Towers Watson learned in a survey. 

While 80% of investors say their adviser discusses risk tolerance, only 50% say they bring up the subject of guaranteed lifetime income.

However, they also say their wealth has helped them live a healthier life, UBS found in a survey

Health care costs, especially, come with sticker shock

Only 25% expect life to be better in retirement, Nationwide found in a survey.

Furthermore, only 37% are contributing to an IRA, and 18% to a HSA, Edward Jones learned in a survey

Of the 48% who say their health care costs have increased, more than one-quarter have decreased their retirement plan contributions.

The guidance covers verification procedures, timely loan and hardship withdrawal repayments, and health care coverage.

By making workers aware of health and financial benefits, employers can make their workforce more engaged and productive—and avoid costly expenses.

Yet only 20% have taken any step toward funding their long-term care expenses.

A survey of the newly retired finds 40% spend more for health care than they’d expected.

The time is ripe for retirement plan advisers to get into the business of educating about HSAs, experts say.

Medicare costs are expected to rise and deliver a significant blow to Americans' retirement savings, according to a new report by the CRR.