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Lengthening life spans mean that more people will make it to age 75 and older—at which point, says the report, physical and mental health problems grow, creating a faster and larger drain on savings. (Photo: Fotolia)

A new brief from the Center for Retirement Research at Boston College finds that not only will retirees face higher out-of-pocket health costs but also the potential for financial mistakes thanks to cognitive decline and the problems caused by widowhood.

Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

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