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livingontheland - Re: [Livingontheland] 7 "Healthy" Foods That Contain One Deadly Ingredient

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  • From: "Tradingpost" <tradingpost@lobo.net>
  • To: ruggierop@earthlink.net, livingontheland@lists.ibiblio.org
  • Subject: Re: [Livingontheland] 7 "Healthy" Foods That Contain One Deadly Ingredient
  • Date: Tue, 30 Mar 2010 21:13:58 -0700


Here's one, there's another from CNN
paul tradingpost@lobo.net

Fidelity: Couples Need $250,000 for Retirement Health Costs
Posted: March 25, 2010
http://www.usnews.com/money/blogs/planning-to-retire/2010/03/25/fidelity-couples-need-250000-for-retirement-health-costs

A 65-year-old couple retiring this year will need $250,000 to pay for medical
expenses throughout retirement, according to Fidelity Investments
calculations released today. This figure is up 4.2 percent from last year’s
estimate of $240,000. Fidelity attributes this rise in expected retiree
health expenses to increasing costs for medical services such as doctor’s
visits and diagnostic tests, the higher prices associated with new
technology, and general price inflation.

This quarter of a million dollar estimate takes into account the typical
premiums, deductibles, and coinsurance associated with Medicare Part A and
Part B medical insurance, premiums and out-of-pocket costs faced by a
retirees with Medicare Part D prescription drug coverage, and some services
not covered by Medicare. It is assumed that the retirees do not receive
employer-provided retiree health care coverage and that the man will live 17
years in retirement and the woman will live 20 years. The figure does not
include the costs associated with over-the-counter medications, most dental
services, and long-term or nursing home care.

[See Retiree Health Care Costs Expected to Double by 2040.]

Other researchers have come up with similarly large estimates of retiree
health care costs. Calculations by the Center for Retirement Research at
Boston College released earlier this month estimated that a 65-year-old
married couple will need $197,000 to pay for out-of-pocket medical costs
throughout retirement. And an Employee Benefit Research Institute study
conducted last year determined that a couple, both age 65 in 2009, needs
$210,000 to have a 50 percent chance of affording their retirement health
expenses.

*********** REPLY SEPARATOR ***********

On 3/30/2010 at 11:06 PM Patricia Ruggiero wrote:

>Paul wrote:
>> We just read a report claiming a retiring couple today needs an average
>of
>> $250,000 including savings, allowing for insurance deductibles, copays,
>> and everything else it costs to live. How we feed ourselves may mean
>> quality of life in later years, or dying in poverty. Ounce of
>prevention.
>
>What?
>
>What is the time period this report is talking about? Per year? That
>can't
>be. Far too high. But far too low to last for a couple's entire
>retirement,
>assuming that it lasts more than 5 yrs.
>
>Pat
>
>
>
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