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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.

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