Health care in retirement

Examining the current health care landscape

The financial goal you can’t ignore

Health care expenses may be one of the most underestimated yet significant financial challenges to living the retirement lifestyle you envision. Explore our RBC Wealth Insights report “Taking control of health care in retirement” to learn how you can prepare for your future, today.

Pain points to consider

When it comes to planning for your retirement health care costs, the choices you make now can help you get a head start on having sufficient resources for the health care you may someday need.

Universal concern

80% of respondents indicated worries over their ability to fund health care expenses in retirement. Although this concern spanned all demographic categories, women and college-educated were more likely to be concerned.

No plan

Despite this anxiety, only about half of our survey group have taken the time to factor health care expenses into their plan. Among the group that hasn’t planned for health expenses, more than half say they have no wealth plan for retirement at all.

Unease persists

Of the group that took action to factor health care expenses into their plan, half believed they underestimated the true cost.

Due to longevity and prevalence of chronic diseases like dementia, women need to plan to spend more on health care as they age.

Projecting the real cost of
health care in retirement

Health care

With seniors more active than ever – and with lifespans steadily increasing – maintaining good health as you age is a top priority. Yet, as the cost o…

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Start planning now for retirement healthcare costs

Health care

Whether retirement is a long-range goal or a near-term prospect, your most valuable asset is time. The choices you make now can help you get a head st…

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Explore the benefits of a Health Savings Account

Health care

Health Savings Accounts offer you a tax advantaged way to build a nest egg to specifically fund health care expenses. It pays to start as early as you…

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How to plan your health care and life expectancy

Health care

Successfully planning for retirement health care includes not only considering how long you may realistically live, but also thinking about your perso…

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Plan ahead for potential long-term care expenses

Health care

Maintaining independence for as long as possible remains a top priority for most Americans. Learn how to plan for the retirement you desire.

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Understanding Medicare costs and coverage

Health care

Making sense of the various parts of Medicare, what they cover – and often what they do not cover – as well as the costs and co-pays you are responsib…

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Addressing memory decline and dementia

Health care

The number of Americans living with dementia is growing rapidly, particularly among women. Without a proven cure, it’s important to recognize the warn…

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Dementia: How I lost my life savings

Health care

Nancy Carlson’s life took an unexpected turn when her husband of 30 years started making a series of bad financial decisions.

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