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The Impact of Health-Care Costs on Social SecuritySubmitted by Paul B. Miller, CFP on November 10th, 2014
For many retirees and their families, Social Security provides a dependable source of income. In fact, for the majority of retirees, Social Security accounts for at least half of their income (Source: Fast Facts & Figures About Social Security, 2013). However, more of that income is being spent on health-related costs each year, leaving less available for other retirement expenses.