PLUGGED IN: The Next Retirement Crisis

June 15, 2007 ( - 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.

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:

Web cast recording

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