If you ask boomers for the single most important ingredient for a happy retirement, the overwhelming majority will say it's good health. But while many are taking steps to improve their own health, they're not saving enough to meet the expenses of an unexpected health crisis — or even planning to.
So says a new study from Merrill Lynch Wealth Management and Age Wave, which found that 81 percent of boomers say that good health is the key to a good retirement. However, nearly two-thirds of those 50 and over say their greatest retirement health worry is not being able to afford care and long-term care expenses.
Also read: Know your market: Retirees and pre-retirees
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
