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Boomers not confident they can pay medical expenses in retirement

Nearly two-thirds of baby boomers are not confident they will be able to cover medical expenses in retirement.

By Paula Aven Gladych | Updated on January 12, 2012

Nearly two-thirds of baby boomers are not confident they will be able to cover medical expenses in retirement. 

According to “Health Care Expenses and Retirement Income: How Escalating Costs Impact Retirement Savings,” a report by the Insured Retirement Institute, 63 percent of Baby Boomers do not believe they will be able to cover health care costs in retirement. The concern is especially strong among younger Baby Boomers between the ages of 52 and 54, with 72 percent saying they lack confidence.

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