Latest study out says American couples planning on retiring will need an extra quarter of a million dollars (!) to cover their medical expenses. Of course, this is probably a conservative figure if we consider the annual cost of health care is increasing even faster than America's slide into oblivion.
The $250,000 additional is based on a bunch of very sound actuarial statistics, the decline of Medicare and Medicaid programs and other extremely dire possibilities I'm sure. But it alerts us to a very sobering point. If one doesn't properly prepare for increasing health care costs in their declining years, any of us could end up dumpster rubbish before our time is up.
Dada suggests, before getting too upset by another retirement affliction like those minor annoyingly vanished 401-K's we didn't count on losing, there may be ways around this latest unearthed financial health care burden. The most obvious being, just don't retire! A $25,000 bill for a few unexpected days spent in the hospital can be paid off in the matter of a few short years if you maybe have an extra job as a Wal-Mart greeter or put in 20 hours a week or more at a Wendy's, etc. In other words, just work until you keel over dead.
Another possibility, you could always simply "borrow" the $250,000 from your regular retirement savings! I realize some may be reluctant to do this as it means they would probably have to cut back on dining out (even at those *senior specials* rates) a couple times a month.
But Dada has another option, one that many might find even more appealing than the alternatives, i.e., outliving your financial viability in the Third World nation the U.S. has become (save, of course, the 2% of those of us getting pornographically filthy rich). Solution? Merely lower your life expectancy.
This could be done simply by offing yourself when you run totally out of funds. Of course, while your government won't admit it, this will please them a great deal because of their burden to you your exit will relieve them of -- providing you some modicum of aid in old age that could be better spent in the Pentagon or paying interest to China on our national debt.
But if it's any consolation, know you will be missed. Sorely. By whom? By the health care and pharmaceutical industries who are always waiting to mine the gold from the body of every elderly or desperately sick person in America.