Are Clients in Denial About Retirement Healthcare Costs?

What: A recent survey of **75%** of clients indicates they underestimate the costs of retirement healthcare.
Why: This underestimation is attributed to a lack of transparency and poor communication from financial advisors.
Signal: The survey found that **60%** of clients expect to rely on Medicare for most of their healthcare needs, but only **30%** understand the associated costs.
Target: Financial advisors are targeting a more proactive approach to educating clients about retirement healthcare costs, with **80%** planning to incorporate this topic into their client meetings.
Risk: The survey highlights a significant risk of clients facing financial strain in retirement due to unpreparedness for healthcare costs, with **40%** of clients expecting to spend more than **$10,000** per year on healthcare expenses.