Many wealthy Americans are confident about retirement, but a Prudential survey reveals that 89% believe they can cover essential expenses, overlooking inflation and healthcare costs. Only 53% of couples discuss inflation in retirement planning, dropping to 45% for those who haven’t. Failing to account for inflation can deplete assets faster than expected. Financial planner Chris Leckenby advises stress-testing retirement plans to factor in inflation rates. Healthcare costs are another major oversight in retirement planning, with long-term care potentially costing $10,000 per month. It’s crucial to plan for healthcare expenses through insurance or self-funding.

Read more at Yahoo Finance: 2 Retirement Risks Affluent Americans Often Overlook