What Worries You About Retirement?

It's no surprise that younger people aren't nearly as worried about paying their medical costs in retirement as folks over 65 are. A new survey from Bankrate confirms that: People 18 to 29 cited medical costs as their main retirement worry only half as much as those over the age of 65. People over 65, in fact, cited health care costs as their prime retirement concern.

But this may come as a surprise: The same survey found that the younger age group was twice as likely as those over the age of 65 to cite running out of money during retirement as their prime retirement worry. It's understandable that younger people would think that just assembling enough money to retire on would be a daunting task, while older folks are more concerned about what exactly they'll need to spend that money on.


Here's another surprise: The study also broke the answers down by income. And it found that the highest-income households, those with annual income greater than $75,000, were more concerned with health care expenses during retirement than the rest of the sample.