Archives for May 2012
Avoid Retirement Health-Care Mistakes
The typical health-care tab will run $240,000, but could run much higher. By ANDREA COOMBES Retirement health-care costs are enough to cause a severe anxiety attack. Even with Medicare benefits, a 65-year-old couple retiring in 2012 will spend at least $240,000 in retirement, according to the latest estimate from Fidelity Investments. That doesn't include long-term-care costs, over-the-counter medications and most dental costs. Plus, that $240,000 estimate is based on average life expectancy for a 65-year-old -- the husband living until age 82 and the wife until 85 -- but "average" means half of people live longer than that. In…
Why we don’t want to retire
One of our clients kindly passed this article on to us. The publication reinforces some of our most recent posts, and while confirming our view, the statistics are alarming. By Katy Read A former CEO enrolled in clown school. A corporate communications executive started a photography business. A high school science teacher became an outdoors guide. And a lifelong accountant wanted to work at Disneyworld. "He loved the atmosphere, it was lighthearted, it wasn't counting numbers day after day," said career coach Linda Miller of Mankato, who worked with all four. When she asked…