The potentially devastating impact that health care costs can have on retirement savings is a huge source of anxiety for Americans on the verge of leaving the workforce.
That's according to a Bankrate poll – of 1,003 adults in the continental U.S. – that found 28 percent of respondents said high medical expenses is their biggest financial worry about retirement.
Twenty-three percent cited fears of their savings running out and 18 percent said they feared an inability to pay their daily expenses when retired. The latter two scenarios could, of course, be brought on by high medical costs.
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