Fidelity recently came out with its latest estimate for healthcare costs in retirement. After staying relatively flat between 2013 and 2014, cost estimates rose for 2015. Part of the rise was explained as due to the fact that Fidelity increased the longevity assumptions used, upping life expectancy for males by 5 years and females by 2 years...

File this under little known fact…if you borrowed money from the Federal government to help pay for your higher education and you neglected to pay it back, come retirement you may be in for a painful reminder.

From a recent Bloomberg article (my emphasis in bold):

While both men and women face big retirement-savings challenges, the hurdle is higher for many women. To have a decent standard of living in old age, women, who earn on average 78 cents to a man's dollar, need to save $126 for every $100 men do...

I saw the graphic below recently and thought it may help explain why a lot of experts feel we are heading towards a retirement crisis. More people spend 2+ hours trying to make a decision that results in immediate gratification (i.e. where to eat dinner or buying the latest electronic device) than planning a retirement investment...