» »Unlabelled » Americans Looking to Retirement Have No Friggin' Idea About Money Costs
Wednesday, 24 October 2012

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As someone who is, ahem, in process of applying for upcoming Medicare, this story about annual Wells Fargo survey hits home (although I am a LITTLE more savvy and reality-bed than most surveyed, it turns out).  It shows that those in middle-class when looking ahead to retirement vastly underestimate upcoming medical costs--by a factor of five--and how much they will need to live on (and on).  Three out of four admit they are simply "guessing" about what they'll need.
Posted by at 08:38
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