Monday, March 31, 2008

The Cost of Living to 100 years old Wow

Retirement risks
Many people worry about three things
COST OF HEALTH CARE
THE EFFECT of INFLATION on the NEST EGG
MAINTAIN A REASONALBE STANDARD of LIVING the rest of the life
And most people should worry, due to the lack of savings in their life.
At age 65 you should have SAVED
$215,000 for Medical Expenses over 20 years
$550,000 If you plan on living to 90 years old and mostly like need more money
$ 69,000 A year of a Semiprivate Nursing-home room
$ 35,628 A year in an assisted-living facility
$ 19 an hour for ahome health aide
$ 61 A day for Adult Day Care Center
So you had better finds ways to fund your retirement living and start planning today

MSN Marketwatch

1 comment:

michael curry said...

Thinking about retirement can be a scary thing we have to prepare now...
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Michael Curry - google me