2016 Social Business Conference
For Financial Services
IRI Annual Meeting 2016
25-27, Colorado Springs
NAIFA Annual Conference 2016
17-19 Las Vegas
NAFA Annuity Distribution
HEALTHVIEW SERVICES JUST
RELEASED its 2016 Retirement
Health Care Costs Data Report
where it found that heath care
costs are continuing to rise. If your
(healthy) client is retiring in 2016,
they and their spouse can expect to
spend $288,400 in today’s dollars
on lifetime Medicare Parts B, D and
supplement insurance premiums.
When you add in dental, hearing,
vision and all other out-of-pocket
expenses that number rises to
And get this: Social Security isn’t going to be much of a help
in retirement anymore because:
l A 66-year old couple retiring this year will need 57%
of their Social Security to cover total health care costs.
l A 55-year-old couple retiring in 10 years will require 88%.
l A 45-year-old couple will require 116%.
A 30-year-old female retiring at 65 can expect to pay $548,098,
which is $118,632 more than a male the same age.
SOURCE: MARLENE Y. SATTER, BENEFITSPRO.COM
65 or older
1964 1974 1984 1994 2004 2014
SOURCE: OECD DATASET:
LABOR FORCE STATISTICS BY
SEX AND AGE — INDICATORS