Home > Expenses

Expenses

health and retirement planning

Submitted by Anonymous on

My parents are close to retiring. They are thinking about how much money they will have and what kinds of activities they will want to do once they have more free time. What should they be thinking about when it comes to planning for health expenses?

Forums: 
Health & Longevity
Key Phrases: 
Retirement
Expenses
Health
Glossary: 
Retirement Planning
Longevity
Key Phrases:
Forums: 
Health & Longevity
Glossary: 
Retirement Planning
Longevity
Key Phrases: 
Retirement
Expenses
Health

Up to 64% of American Households at Risk of Failing to Maintain their Standard of Living in Retirement

The Center for Retirement Research at Boston College released a brief and an update of their National Retirement Risk Index (NRRI).  A link to the brief summary can be found here.

The NRRI shows the percentage of American Households that are at risk of failing to maintain their standard of living in retirement.  The index shows that 44% of American households are at risk.  This figure increases to 61% when healthcare costs are included, and to 64% when the...

Glossary: 
Inflation
Insurance
Retirement Planning
Long Term Care Insurance
Key Phrases Autotag: 
Healthcare Expenses
Retirement Risk
Retiree
Retirement
Expenses
Retiree Healthcare Expenses
Healthcare
Key Phrases:
Glossary: 
Inflation
Insurance
Retirement Planning
Long Term Care Insurance
Key Phrases Autotag: 
Healthcare Expenses
Retirement Risk
Retiree
Retirement
Expenses
Retiree Healthcare Expenses
Healthcare

High expenses or fees are one criticism I have heard regarding annuities. Can you explain the fee structure around annuities?

Annuities are products that combine insurance and, in the case of variable annuities,

Glossary: 
Annuity
Accumulation Period
Annuitant
Annuity Payments
Asset
Contract Holder
Fixed Annuity
Guaranteed Lifetime Withdrawal Benefit
Guaranteed Living Benefit
Guaranteed Minimum Accumulation Benefit
Guaranteed Minimum Income Benefit
Guaranteed Minimum Withdrawal Benefit
Insurance Company
Insurance
Insured
Investing
Living Benefits
Market Risk
Variable Annuity
Surrender Charge
General Account
Mortality
Income
Bond
Death Benefit
Financial Advisor
Investment Management Fee
GLWB
GMAB
GMIB
GMWB
Companies: 
Vanguard
Key Phrases: 
Taxes
Expenses
Withdrawal
Mutual Funds
Innovation
Product Development
Fees
Annuity Sales
FAQ Topics: 
Annuities Information
Key Phrases:
Glossary: 
Annuity
Accumulation Period
Annuitant
Annuity Payments
Asset
Contract Holder
Fixed Annuity
Guaranteed Lifetime Withdrawal Benefit
Guaranteed Living Benefit
Guaranteed Minimum Accumulation Benefit
Guaranteed Minimum Income Benefit
Guaranteed Minimum Withdrawal Benefit
Insurance Company
Insurance
Insured
Investing
Living Benefits
Market Risk
Variable Annuity
Surrender Charge
General Account
Mortality
Income
Bond
Death Benefit
Financial Advisor
Investment Management Fee
GLWB
GMAB
GMIB
GMWB
Key Phrases: 
Taxes
Expenses
Withdrawal
Mutual Funds
Innovation
Product Development
Fees
Annuity Sales
FAQ Topics: 
Annuities Information
Companies: 
Vanguard

What types of fees should an annuity investor expect to pay?

It depends upon whether it is a

Glossary: 
Annuity
Asset
Contract Holder
Fixed Annuity
Insurance
Living Benefits
Variable Annuity
Surrender Charge
Mortality
Income
Financial Advisor
Investment Management Fee
Companies: 
Vanguard
Key Phrases: 
Taxes
Expenses
Mutual Funds
Fees
Annuity Sales
FAQ Topics: 
Annuities Information
Key Phrases:
Glossary: 
Annuity
Asset
Contract Holder
Fixed Annuity
Insurance
Living Benefits
Variable Annuity
Surrender Charge
Mortality
Income
Financial Advisor
Investment Management Fee
Key Phrases: 
Taxes
Expenses
Mutual Funds
Fees
Annuity Sales
FAQ Topics: 
Annuities Information
Companies: 
Vanguard

Pages

Advertisement

Trending Now

Follow Us

Twitter icon
Facebook icon
LinkedIn icon

Latest Tweets

America’s retirement crisis could cost federal and state governments an estimated $1.3 trillion by 2040, according… https://t.co/c44NV5mqxb — 2 years 4 months ago
RT @HiddenValueGems: I rarely pay attention to macro forecasts. I’d rather spend time looking for great businesses selling cheap. However,… — 2 years 4 months ago
Copyright 2008-2024, Annuity Digest. All rights reserved | Terms of Use | Privacy Policy