Top factors preventing workers from feeling financially comfortable in retirement.
A number of these concerns are related to the age at which person seeks to retire. The longer a person is retired the greater the risk.
For example, if one retires at age 65 or later and has Medicare, their health spending out of pocket – excepting long-term care – is highly predictable. The same is true for premiums. Part B, Part D and supplemental coverage are predictable and can be planned for over time.
Pre-65 retirement is another matter. The best choice is likely using a ACA exchange plan, but out-of-pocket costs can be high and premiums based on income can be too.
The concern that Social Security won’t be available in retirement is simply not valid. Unless you believe that SS payroll taxes will be stopped, the program cannot go broke.