Navigation Links
Inflation Ranks as Today's Top Retirement Concern
Date:5/19/2008

their retirement investments and savings by significantly contributing to their depletion. "With life expectancy reaching the highest level ever, there is a real possibility that those in retirement may outlive their assets," said Steve Vernon, FSA, MAAA, and president of Rest-of-Life Communications. To manage this risk, actuarial approaches include investment strategies to preserve principal, such as investing in annuities, joint and survivor annuities and deferred annuities commencing at later ages, such as 75 or 80.

Long-Term Care and Healthcare Concerns Highlighted

The survey also revealed that pre-retirees and retirees are concerned about their ability to afford long-term care. For example, nursing home care costs may reach $70,000 or more per person per year. To manage this risk, actuarial approaches include strategies such as personal health and wellness commitments and long-term care insurance that helps pay for the cost of seniors with care needs.

In addition, pre-retirees and retirees are concerned inflation will impact their ability to afford adequate healthcare. With catastrophic illness, medical costs for an over-65 retired couple not covered by Medicare can be a major financial burden exceeding $1 million over their lifetime. To manage this risk, actuarial approaches include strategies such as medical insurance and Medicare supplements.

Women's Concerns Higher Than Men's

Other findings of the study provide insight into the differences of how men and women perceive retirement risks and are affected by them. Women are more concerned than men that inflation will significantly impact their retirement resources. Such concerns may be magnified for women who have experienced the loss of a spouse. "For retirees living on a fixed income, the longer the period of retirement, the greater the impact of inflation," said Rappaport. "For this reason, women are more adversely affected by inflation than men because of their longer lif
'/>"/>

SOURCE Society of Actuaries
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2 3 4

Related medicine news :

1. IRC Reports Claimed Medical Expenses for Auto Injury Claimants Far Outpace Inflation
2. Most Medicare Drug Plans Continue to Hike Costs into 2008 Two-to-Three Times Rate of Inflation
3. Health Insurance Premiums Rise 6.1 Percent in 2007, Less Rapidly Than in Recent Years But Still Faster Than Wages and Inflation
4. American Heart Association Ranks Americas Most Heart Friendly Cities for Women
5. Money Magazine Ranks Physician Assistant One of Best Careers to Have in a Recession
6. Quintiles Ranks First in Pan-European Clinical Investigator Study
7. State Report Ranks LIJ as New Yorks Best Hospital for Angioplasty Survival
8. National Magazine Ranks Highmark Best Green Information Technology Company in the Nation
9. National Quality Report Ranks Regions Hospital Highest in Area
10. Rising Medical Solutions, Inc. Ranks Fifth on the Private Company Index (PCI) Top Growth Companies List
11. iCAD Ranks #1 in Mammography CAD User Satisfaction
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/23/2015)... CO (PRWEB) May 23, 2015 On May ... in MuckFest. The event was a 5k mud obstacle run ... more than 2 million people worldwide, and the reason we ... community,” said Chad Davis, owner of Farrell’s eXtreme Bodyshaping. “One-hundred ... Multiple Sclerosis Society.” , The event was not only attended ...
(Date:5/23/2015)... Injury lawyer Steven H. Heisler commented today ... the Maryland legislature but which has not been signed to ... HB 449 with overwhelming bipartisan support on April ... into law. This bill ensures that fracking is prohibited in ... the danger of fracking to our water supplies and the ...
(Date:5/22/2015)... 22, 2015 River Valley Health Partners ... the health system’s Chief Financial Officer (CFO), will be ... served as the company CFO since 2011. , The ... joining the health system as CFO. Wesley will oversee ... while the Board of Trustees conducts a formal search ...
(Date:5/22/2015)... Long Island, NY (PRWEB) May 22, 2015 ... announces that June 17, 2015, the Annual One ... take place. Since 2007, Hands On HCMT offers drastically reduced ... massage therapists and estheticians have enough sessions, through what used ... And, it is wonderful for the community as well. This ...
(Date:5/22/2015)... May 22, 2015 Memorial Day weekend is ... Insurance is offering some tips to help promote safe ... there will be 383 traffic fatalities this Memorial Day weekend. ... National Highway Traffic Safety Association: , , ... vehicle is wearing a seatbelt, whether they’re driving or riding ...
Breaking Medicine News(10 mins):Health News:Farrell’s eXtreme Bodyshaping Team Runs through the Muck for MS 2Health News:Baltimore Attorney Urges Governor Hogan to Sign the Fracking Moratorium Bill 2Health News:Baltimore Attorney Urges Governor Hogan to Sign the Fracking Moratorium Bill 3Health News:River Valley Health Partners Announces CFO Transition, Appointment of Interim CFO 2Health News:Hands On HealthCare Massage Therapy & Wellness Day Spa Announces Their Eighth Annual One Day Sale on Gift Certificates Will Take Place on June 17, 2015 2Health News:Hands On HealthCare Massage Therapy & Wellness Day Spa Announces Their Eighth Annual One Day Sale on Gift Certificates Will Take Place on June 17, 2015 3Health News:Amica Has 4 Road Safety Tips for Memorial Day Weekend 2
... University is revealing which regions in the brain "fire up" ... to look at other people as we enter an elevator. ... Frontiers in Human Neuroscience , used fMRI (functional Magnetic Resonance ... an image of a facial expression with a word superimposed ...
... feel powerful are more likely to believe they can ... to new study in the Journal of Consumer ... or the tendency to attribute humanlike characteristics, intentions, and ... downstream consequences of anthropomorphism that go beyond simple liking ...
... WEDNESDAY, Dec. 22 (HealthDay News) -- Adam Dougherty is laying ... is a health policy analyst living in Los Angeles with a ... He,s applying the lessons learned for his career to his own ... he wants to maintain his shape and his health. "Coming ...
... , TUESDAY, Dec. 21 (HealthDay News) -- The recreational drug ... in helping people who have trouble connecting to others socially, ... group of healthy people, investigators found that the drug -- ... playfulness and love, and induced a lowering of the guard ...
... 2010 The day when an ovarian cancer patient can ... a toxic drug cocktail is the ultimate goal of the ... Preethi Gunaratne, assistant professor in the department of biology ... known as microRNAs and pinpointing those that could unleash the ...
... TUESDAY, Dec. 21 (HealthDay News) -- Headaches are truly miserable ... skull-pounding pain that makes you wince and moan. Yet ... indicate things you,re doing that aren,t good for you. They ... be a symptom of a simple organic disorder, a serious ...
Cached Medicine News:Health News:York U study pinpoints part of brain that suppresses instinct 2Health News:Why do risks with human characteristics make powerful consumers feel lucky? 2Health News:For One Man, It's All About Prevention and Wellness 2Health News:Does 'Club Drug' Ecstasy Have Therapeutic Value? 2Health News:Does 'Club Drug' Ecstasy Have Therapeutic Value? 3Health News:UH biochemist works to revolutionize ovarian cancer treatment 2Health News:UH biochemist works to revolutionize ovarian cancer treatment 3Health News:UH biochemist works to revolutionize ovarian cancer treatment 4Health News:Got a Headache? Your Body May Be Telling You Something 2Health News:Got a Headache? Your Body May Be Telling You Something 3Health News:Got a Headache? Your Body May Be Telling You Something 4
(Date:5/22/2015)... May 22, 2015 Richmond ... research unit with a worldwide reputation for excellence ... frequent publications in peer reviewed medical journals. Its ... and regulators in discussions about rules for transparency ...      (Logo: http://photos.prnewswire.com/prnh/20150522/745125) , Clinical research ...
(Date:5/21/2015)...  When Ryan Rendino first felt the ... neck, he figured it was a muscle ... from weight lifting. But the ... A series of doctor appointments followed ... Michel Kliot, MD , a Northwestern ...
(Date:5/21/2015)... , May 21, 2015  CryoLife, Inc. (NYSE: ... processing company focused on cardiac and vascular surgery, announced ... quarterly cash dividend for the second quarter 2015 of ... cash dividend of $0.03 per share will be paid ... record as of June 12, 2015.  The ex-dividend date ...
Breaking Medicine Technology:Northwestern Medicine Surgeons Develop New Approach to Removing Nerve Tumors 2Northwestern Medicine Surgeons Develop New Approach to Removing Nerve Tumors 3Northwestern Medicine Surgeons Develop New Approach to Removing Nerve Tumors 4CryoLife Announces Quarterly Cash Dividend for the Second Quarter 2015 2
... April 29, 2011 Centocor Ortho Biotech Products, L.P., ... Drug Application (NDA) for trabectedin for the treatment of ... based on the U.S. Food and Drug Administration,s (FDA) ... to obtain approval. The NDA was submitted ...
... Phil Hagerman, president and CEO of Diplomat Specialty Pharmacy ... of the Year. The award was announced at ... annual award along with Grant Thornton LLP, WWJ Newsradio 950 ... Hagerman was chosen from among 45 nominees profiled during the ...
Cached Medicine Technology:Centocor Ortho Biotech Products, L.P. Voluntarily Withdraws NDA for Trabectedin 2Diplomat Specialty Pharmacy's Hagerman Named Grant Thornton Leader & Innovator of the Year 2Diplomat Specialty Pharmacy's Hagerman Named Grant Thornton Leader & Innovator of the Year 3
Forceps, extra delicate, straight....
Jewelers Forceps, delicate, straight....
Jewelers Forceps, standard, straight....
Accurate implant size. Polyoxymethylene (POM)....
Medicine Products: