YOUR MONEY-What is the scariest retirement healthcare number? [Reuters (UK)]
Genworth Financial Inc (GNW)
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Source: Reuters
What is the scariest retirement healthcare number? | Reuters 5 Min Read NEW YORK (Reuters) - A typical couple could potentially spend $285,000 on out-of-pocket healthcare costs in retirement. But that is hardly the scariest number you need to consider when it comes to medical costs as you age. This estimate, released on Tuesday by Fidelity Workplace Consulting, is based on Medicare premiums for Americans 65 and older, plus the deductibles and co-pays required for medical care and prescription drugs. It also accounts for inflation and investment growth. If you have $1 million in retirement savings and plan to spend a healthy 4 percent of that per year plus Social Security, your monthly healthcare budget would need to account for about $5,000 per year per person. These bulk figures sound large, yet what is not included may be even more worrisome: - Long-term care Since Medicare, the government health plan for those over 65, does not cover long-term care costs, Fidelity’s average spend d
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- The No. 1 mistake people in their 50s make with their money, according to a CFP—and how to fix it [CNBC]CNBC
- Genworth Financial, Inc. (NYSE: GNW) had its price target raised by analysts at Keefe, Bruyette & Woods from $6.50 to $7.00. They now have a "market perform" rating on the stock.MarketBeat
- CEOs are becoming more optimistic about the future. AI is a big reason why [Yahoo! Finance]Yahoo! Finance
- CEOs are becoming more optimistic about the future. AI is a big reason why [Fortune]Fortune
- Genworth Financial Schedules Earnings Conference Call for May 2Business Wire
GNW
Sec Filings
- 4/17/24 - Form PX14A6G
- 4/11/24 - Form S-3ASR
- 4/8/24 - Form DEFA14A
- GNW's page on the SEC website