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I just received a notice from my employer telling me that I will not qualify for payment of medical expenses when I retire. Receiving this paper was odd, since none of the people in our department were close to retirement. But it did make us start thinking -- by the time I retire (in 20 years or so ), my medical expenses will be thousands per month !


So - allow me to present this opinion - it is no use saving for retirement, you can max out the 401k and IRA and other savings, BUT when you retire and have the 2+ million dollars, it will ALL be taken by the medical expenses each month in just a few years.

You will have to go to SS and ask for assistance. They will preach to you that yhou should have saved when you were working. Too bad they will say. When in reality, you saved to the max, forgoing beter house, car, education, etc...

am I way off track - but it looks like in 20+ years - the medical expenses will eat ALL your retirement savings -


Comments welcome.
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