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While some would say its inflation, others would say its a recession, and others still, might think its a stock market crash that is the biggest threat to their retirement. The truth is that its neither taxes, interest rates nor volatility spikes.  It’s instead  living a good long life and then  incurring  unexpected un-reimbursed health care costs amounting to hundreds of  thousands  of dollars. This situation could by far be a much bigger threat to your own retirement that you could have ever imagined.

Many people are of the wrong impression that there must be some governmental program out there that will pay for some or a big part of these unreimbursed healthcare costs. The fact of the matter is that there are no governmental programs available to pay for these costs other than Medicaid. But to qualify one must be destitute and have virtually no assets in their name. It used to be much easier to qualify for Medicaid but several years ago they changed the eligibility requirements and made it more difficult for a person to qualify for benefits if he/she is only artificially impoverishing themselves.
 

It seems that every day brings another story about rising unemployment, massive layoffs and more business failures. Not surprisingly, when the economic news is this bleak, it doesn’t just affect those who are out of work. The aftermath of this financial crisis has the potential to be an equal opportunity destroyer, just like the recent Hurricane Ike. Everyone is in its path and the key to survival is planning ahead.

Here are a list of topics we will be examining over the next few weeks that can be included in your personal survival kit. Like the all important flashlight, it will shed light and help keep you out of the dark.:
 

The recent volatility in the market is unsettling for everyone, but the repercussions for retirees and those who are close to retirement are much more dire because of the obvious time constraints. If you are in your sixties are older, you are likely facing some difficult financial decisions going forward, but panicking or taking extreme measures is not the solution. Here are three simple planning ideas that can make a big difference…