Retirement & Health Survey

Methodology

This survey was conducted online within the United States by The Harris Poll on behalf of TD Ameritrade from September 28th – October 6th, 2018, among 1,503 U.S. adults aged 45 and older with over $250,000 in investable assets, including 750 who are financially independent or on the path to be.*

*“Financial independence” is defined as a state in which an individual or household has sufficient wealth to live on without having to depend on income from some form of employment. This document contains confidential information for use by TD Amer

Health is a top priority for Americans in retirement

Along with spending time with family/friends and traveling

Many actually believe that retiring earlier will help them live longer

Those pursuing financial independence also report having lower levels of stress

Yet longer lifespans are also generating higher health costs

Americans currently delegate 8% of their monthly income to medical expenses

Making healthcare costs the #1 barrier to pursuing financial independence

For 1 in 5 Americans, long-term and unexpected care costs for family are also a concern

Many are maxing out their HSAs to cover these rising costs

As well as their IRAs and 401ks

And plan to turn to Medicare as their top tool for support in retirement

Followed by supplemental and primary health care insurance

Yet confidence in Medicare is lacking

Especially by those who have not yet retired

Source:TheHarrisPollonbehalfofTD Ameritrade(October2018);n=1,503