Playing the Long Game: How Health Care Costs Can Impact Your Retirement Readiness
Nevertheless, many of us will become our own CFO in retirement. We’ll be faced with the responsibility of managing a pool of cash saved over decades, and our quality of life over the course of our retirement will be greatly impacted by the health and medical expenses incurred as we age.
Taking stock of your health today, and the health expenses you could face tomorrow, is an important but often overlooked aspect of retirement planning. Your retirement could last 20 to 30 years or more, so it's important to have a plan that will stand the test of time. To provide insight and information on what health care could cost you in retirment, Voya has released an educational white paper entitled “Playing the Long Game: Understanding How Health Care Costs Can Impact Your Retirement Readiness.” This paper seeks to educate you about the importance of factoring the cost of health care into your overall retirement strategy.