Health care costs can have a pronounced impact on a retiree's financial situation. In fact, a 2013 ING U.S. Retirement Experience study found that paying for health issues was the biggest unexpected challenge for retirees.
With today's economic uncertainties, many of us have one or more family members who are struggling financially. A brother who lost his job and is at risk of losing his house. An adult daughter who recently divorced and may need to move back in with you, at least temporarily -- with her two small children.
Today, life in adulthood and beyond is far more like rafting down a twisting, turning whitewater river. Its length is uncertain -- you might live 70, 90 or 110 years -- and new challenges, opportunities, discoveries, and potential surprises are around each bend.