Out-Of-Pocket Medical Expenses Dramatically Reduce Retirement Income, Study Finds

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Americans’ retirement incomes are substantially reduced by Medicare’s high out-of-pocket costs, a Center for Retirement Research at Boston College study finds. According to the paper, a 2012 estimate finds the average household spends $197,000 in total for OOP costs during their retirement years.

Date Video Created: 
Tuesday, January 2, 2018

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