Pre-retirees Worried About Health Costs

According to a Nationwide Financial survey conducted by Harris Interactive, spiraling healthcare costs are top of mind for pre-retirees. The survey found that 61% are now "terrified" of healthcare costs in retirement, compared to under 50% when measured last year. Of those surveyed, nearly two-thirds have not yet spoken to a financial advisor about their plans for retirement, and even for those who have had such a conversation, less than one in four has discussed healthcare costs in retirement that aren't covered by Medicare. 

What makes the survey results even more disconcerting is that the survey focused on more affluent households - about 800 individuals over age 50 with household incomes of at least $150,000. One would expect that the concern is even greater for households with lower income.