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10 scary retirement facts

At first it looked like Medicare premiums for some retirees could increase by a record-breaking 52% in 2016. Now it looks like the base amount will increase to $120 per month for new enrollees in Medicare in 2016 and anyone who is enrolled in Medicare but not yet receiving Social Security benefits. Higher-income individuals whose 2014 income topped $85,000 for singles or $170,000 for married couples will pay even more.

Tip: Medicare premiums are reset each year so this is not a life-sentence of sky-high costs, but a one-time aberration.

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