Good Health is the Best Wealth
Alisha and Jasmine are both 45 years old and both sought medical treatment for high blood pressure. Alisha doesn’t follow the lifestyle changes her doctor suggested, whereas Jasmine diligently follows her doctor’s recommendations. With Jasmine’s small changes she saves more than $1,000 in out-of-pocket healthcare costs. Additionally, Jasmine’s combined pre-retirement and in-retirement savings will be $89,456 more than Alisha, as shown in the table below.
10 Financial Terms Every Investor Should Know
How Can You Prepare for Healthcare Expenses in Retirement
Rising healthcare costs are on everyone’s mind, even for affluent people. In fact, 69 percent of affluent pre-retirees cite rising healthcare costs as one of their top fears in retirement, according to a survey from the Nationwide Retirement Institute.
Understanding Target Date Funds
Target date funds – also known as lifecycle or age-based funds – are diversified, asset allocation investment funds. They are designed to simplify retirement investing for participants without the time or knowledge to create and manage a well-diversified portfolio.
