Retirement: Health Care Costs
Will Health Care Costs Deplete Your Savings?
Health care costs are increasing faster than overall inflation. These costs may include ongoing expenses for medicine or a large, one-time expense for an acute illness. While retirees are enjoying longer, more productive lives than ever, the risks of rising health care can really cut into their savings.
Rising Health Care Costs Can Affect Retirement Savings
More guaranteed income to count on when you need it to count.
Income annuities can be a way to guarantee an income stream that can be dedicated to health care costs. Talk to your advisor today about New York Life's retirement income solutions.