Retirement is often perceived as the “golden years” — a time for relaxation, travel, and pursuing passions. However, for many pre-retirees, the dream of a carefree retirement can be jeopardized due to the underestimated and overwhelming cost of long-term healthcare. New research from Jackson National Life Insurance Company reveals a significant disconnect between pre-retirees’ perceptions and the actual expenses they may face. As financial professionals, it’s our job to step in and guide clients toward a more secure and informed retirement.
Key takeaways
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- According to research from Jackson, pre-retirees significantly underestimate healthcare costs. Many fail to grasp the high likelihood of needing long-term care and the rapid inflation of medical expenses.
- Financial professionals can educate clients by sharing realistic cost data and tailored solutions to help them make informed decisions for a secure retirement.
- Early education and strategies like long-term care insurance, asset protection, and HSAs are vital to mitigating potential financial shortfalls.
The Agent & Advisor Editorial Team is a highly skilled and dedicated group of professional writers and editors within the life, health insurance and financial services industry. Committed to delivering accurate, informative and engaging content, this team possesses a deep understanding of the intricacies and complexities of the industry.
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