A new study is out that says that only 15% of pre-retirees have planned for their retirement health care and long term care. 81% of retirees say health is the most important ingredient for a happy retirement. THeir greatest concern? Paying for health care costs. Merrill Lynch Retirement study explores three major forces that are redefining how individuals plan for health in retirement, including an empowered baby boomer generation of health care consumers, the potential rise of chronic disease due to longer life spans, and how longevity is causing health and wealth to converge like never before.
Key insights from the study also include:
The double threat of health challenges to retirement financial security
Five critical health care conversations couples and families should be having—but often aren’t
Important enhancements to our health care system needed to prepare for an aging population
Four unique “Boomer HealthStyles,” defining different approaches boomers are taking to managing their health and preparation for health care expenses
To download the report visit the MerrillLynch website.