Two-Thirds of Americans Are in for a Huge Financial Shock in Retirement
Retirement should be an enjoyable time in your life, but it won't be if you aren't financially prepared for it. Unfortunately, a substantial number of Americans are likely going to be in for a huge financial shock when they leave the working world -- and the surprise they're facing could leave them struggling to make ends meet in their later years.
For most retirees, there are two huge expenses that aren't optional and that can drain their nest egg. And, according to disturbing new research from Edward Jones, an estimated two-thirds of Americans planning to retire within the next decade have "no idea" what they are. Those two big expenses: Healthcare costs and long-term care costs in retirement.
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Source Fool.com
