n addition to normal living costs, Americans of all ages should plan for at least one more expense during retirement: health care. Soaring health care costs make it especially vital for you to bolster your retirement savings. Consider these facts:
Individuals age 65 and over account for 33 percent of national health care expenditures.
Medicare and Medicaid are projected to overtake Social Security around the year 2005 as the single largest element of mandatory spending. By the year 2030, it is estimated that total health care spending will make up 37 percent of the Gross National Product (GNP).
In 1996, average spending for health care nationwide was $3,759 per person.
Prepare now
As the level of health care available in the United States continues to grow, so do the costs associated with obtaining that care. This means health care can amount to a significant cost during retirement. Fortunately, LaSalle Financial Services can help you prepare for all your retirement expenses, including your health care. Our investment representatives can assist you in devising a portfolio that may help you meet your retirement needs. For more information, call 1-888-LFS-1200 today.
Source: Health Care Financing Administration.
NON-DEPOSIT INVESTMENT PRODUCTS
NOT FDIC INSURED
NO BANK GUARANTEE
MAY LOSE VALUE
Securities and annuities offered through LaSalle Financial Services, Inc., a division of ABN AMRO Investment Services, Inc., a registered broker/dealer, member NASD, SIPC and a licensed insurance agency. Early withdrawal from annuities may result in surrender charges and tax penalties.
Individuals age 65 and over account for 33 percent of national health care expenditures.
