From Dow Jones & Company:

A freelance writer and graphic designer in New York City, Dorri Olds, is concerned about her financial future and potential health issues as she ages. With Social Security changes looming and rising healthcare costs, many older Americans may face similar challenges, according to the Center for Retirement Research. On the West Coast, Sasha Patterson, a former university staffer, is struggling to find work after moving with her husband. As they rely on savings and a modest income from pensions and Social Security, they also worry about healthcare costs. These retirees share anxieties about the way forward, echoing the advice of financial planners. It’s crucial to plan strategically and prepare for unforeseen medical issues, says CPA Bob Polans. Moreover, individuals need to consider long-term care options depending on their financial status.



Read more: Retirees struggling to stay afloat: How to keep health and economic issues from draining your savings