Episode 38: Longevity: America is growing older, faster.
May 5, 2023
Living longer is a sign of progress in America. But it is bringing with it new challenges in the medical and financial sectors, not to mention the human challenges for caring for an aging populace. Kelly Kelly, president & CEO of Kelly Financial, talks more about it based on excerpts from her book, “Retire Your Fear, Plan Your Future.”
Here are just a handful of the things that we'll discuss:
- A majority of Boomers want to age in place; only a fraction of their homes can accommodate those desires.
- Plan ahead: The longer you live you become even more eligible for illness and accidents.
- A a healthy couple retiring at age sixty-five could expect to pay around $300,000 over the course of retirement to cover health and medical expenses.