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Benefits June 15, 2007
PLUGGED IN: The Next Retirement Crisis
June 15, 2007 (PLANSPONSOR.com) - With continued
increases in Medicare and health care costs, concerns are
growing about how much money people will need to take care of
their health in retirement.
Reported by
Nevin E. Adams
In fact, according to a recent Fidelity Investments
estimate, the average 65-year-old couple needs an estimated
$215,000 to cover health care costs in retirement, an
increase of $15,000 over the firm’s prediction last year.
Our June “Plugged In” Web cast panel of Nevin Adams,
Editor in Chief of PLANSPONSOR, Mark Davis, Principal of
Kravitz Davis and Sansone, and Fred Reish, Managing
Director of Reish, Luftman, Reicher, & Cohen discussed
the issue with Adam Stavisky, Senior Vice President,
Fidelity Employer Services Company, Professional Services
Group.
Materials relating to the Web cast follow:
Slides used in the presentation
Our coverage of the Fidelity survey:
Fidelity Says Retirees Need $215,000 to Cover Health Care Costs
Fidelity Press Release on the study: Fidelity Investments Estimates $215,000 Needed To Cover Retiree Health Care Costs
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