Monthly Archives: September 2012

Investment News: Tool to estimate the health care cost during retirement

When creating a retirement plan for high-net-worth clients, many advisers don’t put a lot of their own effort into calculating health care costs. After all, those clients are wealthy and well-insured, and in many larger firms, doing the math — and/or getting the commission — is somebody else’s job.
Retiree Healthcare Planner from GoWealthPro attempts to answer the biggest question on most retirees’ minds: How much should I set aside for health care expenses in retirement? Rather than going by average-life-expectancy data, GoWealthPro’s Retiree Healthcare Planner uses individual-client data, including age, health history and family health history, as well as information on that person’s level of physical activity and whether he or she smokes, to get a sense of what health care costs might be in retirement. Clients as young as 40 can use the program.
By Darla Mercado and Davis D. Janowski
Click here to read the full story.