My latest column at Research magazine is now available. Here’s an excerpt:
Those approaching retirement are justly terrified about health care costs and the stability of Social Security. Many also fear that “reform” will effectively kill Social Security and Medicare. But the reality is that they will necessarily die on their own without some significant changes. Our retirement planning efforts are not going to mean much unless we address the ongoing issues we have with Social Security and (especially) with Medicare. The numbers don’t lie.