Healthcare

What if our ride to the finish line isn’t smooth? Complex risks including extended longevity and health issues can create a large financial burden on retirees, and as such, recent research from De Nardi shows that Americans are now saving well into their 80s and beyond.

While you might expect the universal retirement fear to be running out of money, it goes beyond dollars to declining health; specifically, an Alzheimer’s diagnosis.

When it comes to healthcare expenses in retirement, there are those you can somewhat-accurately factor into your budget (such as insurance premiums), and those that are unexpected (such as a medical emergencies or illness).

As you find yourself in the midst of Medicare’s open enrollment period, it’s an ideal time to evaluate where you can optimize your health care benefits.

Do you have a Health Savings Account (HSA)? If so, it’s time to ensure you’re truly maximizing its benefits for retirement.

Whether you’re a first-time enrollee, or simply want to ensure you’re maximizing Medicare coverage, it’s important to understand the benefits provided through each part.

If you’re planning on retiring before you’re eligible for Medicare coverage (age 65), one major component you’ll need to account for is healthcare.

Here’s a shocker for many pre-retirees: Medicare isn’t free. Not only that, but it can often come along with unexpected costs.

Do you have a Health Savings Account (HSA)? If so, you’re probably aware from a high level how this savings vehicle works in the way of tax efficiency, but more saving opportunities await beneath the surface that you might want to consider.

Retirees are filing for bankruptcy more today than ever before, and surging medical care costs can be partially to blame.