| | Benefits & Administration | | Health Care in Retirement Will Cost How Much? | | According to Fidelity’s Retirement Health Care
Cost Estimate study, a healthy couple retiring this year at age 65 should
expect to spend $245,000 on health care throughout retirement, up from $220,000
last year. The figure has increased 29% since 2005, Fidelity says, when the
projection was a cool $190,000. Fidelity’s report looks into the factors that
have boosted the estimate.Read more > | | U.S. pension plan deficits rose by $102 billion
in the third quarter, a shift from the previous quarter that saw the
deficit decline by $81 billion, according to the Aon Hewitt Pension Risk
Tracker. Data from the Pension Risk Tracker, which evaluates daily funded
status for Standard & Poor’s (S&P) 500 companies with defined benefit
(DB) pension plans, shows the aggregate funded ratio decreased, from 83.5% to
78.7%. The change was largely driven by asset reductions of $79 billion, along
with liability increases of $23 billion year to date.Read more > |
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