Courtesy KeyBank
By Ruth Mahoney
For most of the American population, retirement is a paradox. We look forward to it, because we want to stop working. We fear it, because we cannot afford to.
People struggle to retire for several reasons. For starters, many of us aren’t saving enough. Even if we are, unexpected expenses such as a child’s college education, divorce, or care for an aging parent can delete resources from the retirement nest egg. However, according to a survey from Bankrate, the number one worry baby boomers have about living a secure retirement is the cost of healthcare.
