“Americans Cite Healthcare Expenses as No. 1 Barrier to Early Retirement”

Americans Cite Healthcare Expenses as No. 1 Barrier to Early Retirement,” Advisor Magazine

“When asked to name barriers to financial independence and early retirement, Americans are less concerned about uncertain market conditions (37 percent) or inflation (35 percent), than they are about healthcare costs (57 percent), according to a new survey conducted for TD Ameritrade, of 1,500 Americans aged 45 and older with $250,000 or more in investable assets. … Only 19 percent cite long-term care costs for a family member and unexpected costs to care for a family member as top worries about retiring early.”

LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):

Residual disconnect. Americans know health care is the biggest risk, but place too little focus on LTC. Could that be because government has always paid for most expensive long-term care?