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Why Recent Updates to Medicare and Social Security Matter

2018-04-30T14:59:48+00:00

Over the last two-and-a-half years, Social Security and Medicare have implemented a number of changes that will reduce benefits, increase future health care costs, and significantly impact current and future retirees. Modifications to Medicare income thresholds will, at first, only apply to affluent Americans; however, since the brackets have not been indexed to inflation, over [...]

White Paper Press Release

2018-04-30T14:19:06+00:00

Recent Changes to Social Security & Medicare Will Collectively Have A Significant Financial Impact in Retirement, Continue Trend of Retirees Paying More & Receiving Fewer Benefits Total Impact of Social Security & Medicare Changes for a 55-year-old Couple Earning a Combined $140,000 in 2018 Will Be $158,000 in Increased Costs & Lower Retirement [...]

HealthView Insights Brief

2018-04-23T18:11:16+00:00

EBRI Data Looks at a Narrow Slice of Retirement Health Care Expenses Retirees Must Plan for Costs Including Premiums The Employee Benefit Research Institute (EBRI) recently released an issue brief, Cumulative Out-of-Pocket Health Care Expenses After the Age of 70, which summarizes self-reported survey data from the “Asset and Health Dynamics Among the Oldest [...]

Building Wealth Through Wellness

2018-01-30T22:30:34+00:00

Americans are anxious about rising healthcare costs. In Nationwide’s “Healthcare Costs in Retirement Survey,” (of 1,316 U.S. adults aged 50 or older) 74% admit that one of their top fears is out-of-control healthcare costs, and 64% are terrified of what healthcare costs may do to their retirement plans (up from 57% in 2015). Read More

Income Replacement Ratios

2017-10-03T14:54:31+00:00

Income Replacement Ratios  An income replacement ratio (IRR) is the percentage of estimated pre-retirement income that you will need to maintain your desired lifestyle after you stop working.  This projection must cover various household expenses, such as food, shelter, and transportation, as well other variables, including health care costs and discretionary income. The most widely [...]

Medicare Means Testing : Reducing MAGI in Retirement

2017-09-19T13:41:51+00:00

In order to prepare for potential means-testing surcharges, portfolios must be adjusted to account for retirement income distribution – not just accumulation.  Because not all sources of income count as MAGI, knowledgeable advisors can help retirees significantly reduce the impact of these surcharges – if not eliminate them altogether, by investing in specific products that [...]

2017 Retirement Health Care Costs Data Report

2017-08-31T20:56:35+00:00

HealthView Services’ 2017 Retirement Health Care Costs Data Report shows retiree health care expenses will rise at an average annual rate of 5.47% for the foreseeable future – almost triple the U.S. inflation rate from 2012-2016 (1.9%)1 and more than double annual projected Social Security cost-of-living adjustments (COLAs – 2.6%). As this Report details, the [...]

The High Cost of Living Longer: Women & Retirement Health Care

2017-08-31T20:55:26+00:00

Women face a unique set of challenges when it comes to planning for retirement. Increased longevity, lifetime income disparities, inadequate retirement savings, lower average Social Security disbursements (compared to men), rising divorce rates for those over 50,1 the potential death of a spouse (who would often handle financial planning), and dwindling employment opportunities later in [...]

Retirement Health Care Costs and Income Replacement Ratios

2017-09-01T14:18:06+00:00

Financial advisors, plan sponsors, and millions of investors rely on income replacement ratios (IRRs) – a percentage of pre-retirement income – to estimate how much will be needed to maintain desired lifestyles in retirement. IRRs have provided advisors with a streamlined, top-down approach for assessing a client’s retirement readiness without having to calculate and project [...]

2015 RETIREMENT HEALTH CARE COSTS DATA REPORT

2017-09-01T14:12:36+00:00

HealthView Services’ 2015 Retirement Health Care Cost Data Report is derived from 50 million actual health care cases and a wide range of additional data sources. HealthView’s actuary and physician-reviewed cost-projection methodology compares year-end data sets between 2013 and year-end 2014, and the company’s rigorous bottom-up approach to calculating total retirement health care costs leverages [...]