Experts who have crunched the numbers on retiree medical cost estimates that factor in Medicare premiums, prescription drugs and the occasional illness project frightening bills even for healthy individuals.
Usually, when people talk about someone "going through a stage" they are talking about a toddler or a teen. But there's another age at which people go through a key transitional period, also marked by angst and rebellion: Call it pre-retirement.
Companies are shaking up their 401(k) retirement plans, trimming lists of mutual fund offerings and shaving the fees workers pay as they prepare for new federal rules that will put more plan information in front of employees.
Retirement planning almost always starts with one number: A guesstimate of the percentage of pre-retirement income you're expected to need after you retire. That's called the "replacement rate" and is often pegged by industry experts at around 80% of a household's earnings.