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Where Do you Go for Financial Advice?
On average, women estimate that Medicare will cover 65% of their annual health care costs. But, similar to men respondents, when asked how they came to this percentage, 85% either guessed or did not know. Only 2% said they were told this by a financial adviser. While 65% of women have discussed their retirement with a financial adviser – of those who have, only one in 10 talked about how much they should expect to pay in health care costs apart from Medicare (compared to one in four men). Women are also slightly more likely than men to say they are somewhat unconfident to not at all confident in their plan to live comfortably in their retirement years (46% vs. 39%). To see the entire survey, visit http://www.nationwide.com/healthcare.
On average, women estimate that Medicare will cover 65% of their annual health care costs. But, similar to men respondents, when asked how they came to this percentage, 85% either guessed or did not know. Only 2% said they were told this by a financial adviser.
While 65% of women have discussed their retirement with a financial adviser – of those who have, only one in 10 talked about how much they should expect to pay in health care costs apart from Medicare (compared to one in four men).
Women are also slightly more likely than men to say they are somewhat unconfident to not at all confident in their plan to live comfortably in their retirement years (46% vs. 39%).
Rebecca Mooreeditors@plansponsor.com