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Retirement Planning Services

Good health keeps wealth in old age

Good health keeps wealth in old age

Ruth H. Clark of Pompano Beach is a 95-year-old aerobic wonder, working out seven days a week. But Clark is not just flexing her muscles, she's protecting her retirement nest egg by staying healthy. Economists say health care will become more crucial in retirement planning as medical expenses climb for the elderly. People on Medicare already spend three times more as a percent of income out-of-pocket for health care compared to non-Medicare households — 14.7 percent vs. 4.9 percent, according to the National Council on Aging. "The financial burden is highest for beneficiaries who are older, in relatively poor health, and have low or modest incomes," said council...

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