Greg Mitchell on media, politics, film, music, TV, comedy and more. "Not here, not here the darkness, in this twittering world." -- T.S. Eliot
Wednesday, October 24, 2012
Americans Looking to Retirement Have No Friggin' Idea About Money Costs
As someone who is, ahem, in process of applying for upcoming Medicare, this story about annual Wells Fargo survey hits home (although I am a LITTLE more savvy and reality-bed than most surveyed, it turns out). It shows that those in middle-class when looking ahead to retirement vastly underestimate upcoming medical costs--by a factor of five--and how much they will need to live on (and on). Three out of four admit they are simply "guessing" about what they'll need.
is author of a dozen books (click on covers at right), ;He was the longtime editor of Editor & Publisher. Email: gregmitch34@gmail.com Twitter: @GregMitch
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