The Rule of 72 is a finance building block anyone can use to help predict the way your cost of living will increase depending upon the rate of inflation or how your investments will grow depending upon their annual rate of return. This month we received a letter from a retiree in New Jersey speaking to its importance. We thought we would share excerpts of this letter and “The Rule of 72.” Click Here for Story.

$200,000 in Health Care Costs for Retiree Couples

An average American couple retiring this year will need $200,000 to cover their healthcare costs for the next 20 years in retirement, not including the expense of long-term care. That alarming news is according to Fidelity Investments, which released its fourth annual estimate of retiree medical expenses on in March. Click Here for Story.

Long-Term Care: More Than a Health Issue 

As the lifespan of the average American has lengthened, so too has the time people spend in retirement. Healthy retirees can realistically expect to spend 20 or even 30 years in retirement. This trend, coupled with the ever-rising cost of health care and nursing home care, can become a very significant factor in planning for a financially secure retirement. Click Here for Story.

Back to The Grind With No Alternative

In a recent member poll by a national retiree association, approximately one-in-five respondents indicated that mounting expenses have forced them to go back to work to make ends meet. 

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