“Social Security is in good shape. If a client is over age 50, he will probably not see any change in Social Security benefits. For those clients under 50, you should not plan for benefits to be there in their entirety.”
“Planning for health care is different,” Roy says. “The cost has jumped around and this cost is top of mind for clients.”
Starting from a base of $4,000 per person per year, advisors should plan for a 7 percent increase per year for health-care costs, she says.