• Question
  • Why does the income and expenses chart show my expenses going from $75,000 to $155,000 at age 80 and

    Asked by a 72 year old man from Lake Oswego, OR on 1/29/2015

    Why does the income and expenses chart show my expenses going from $75,000 to $155,000 at age 80 and then falling back down to $76,000 at age 83?

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  • Categories: Health Care and Health Insurance, Longevity Calculator

Answers

  • Steve 

    Steve 
    NewRetirement

    San Francisco, CA

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  • Great question - our system estimates your mortality date based on your current age using IRS mortality tables and we project healthcare costs as well - which spike on average in the last year of life. However - we run your financial scenario out several years past forecast mortality. It is eye opening to see how high health care costs are around end of life.

    Hope this is helpful.

  • Login to rate this answer:   Answered on 2/2/2015
**All above answers are provided as general information only. No warranty is made regarding the fitness or accuracy of the information provided in this answer. You should seek advice from a licensed CPA, attorney or CERTIFIED FINANCIAL PLANNER™ as to your unique financial situation.