Your Health is Priceless – But How Much Will It Cost You?

One of your largest retirement expenses could be your healthcare costs. An average 65-year-old couple retiring today will need an estimated $300,000 to cover their healthcare costs, according to a recent study.[1] Although good health is priceless, it could cost you in retirement. First, know what you can do during the Medicare Fall Open Enrollment [...]

2021-10-11T02:50:00+00:00October 11th, 2021|Healthcare, Medicare|

Three Eroding Forces on Your Retirement Savings

Over 60% of Baby Boomers are more afraid of running out of money than of dying, according to a recent survey.[1] Even retirees who have saved a substantial amount for retirement may be worried about outliving their savings, and there may be good reasons for this. The potential for higher taxes, inflation, and healthcare costs [...]

2021-09-07T01:36:40+00:00September 7th, 2021|Economy, Healthcare, Retirement Income, Taxes & Tax Planning|

Retirement Has Changed – Have Your Plans?

People are retiring differently today than in the past – just think, will you retire exactly like your parents did? Probably not. Retirement is no longer about the end of a career; it's about the beginning of a new, often quite active phase of life that could last decades. And while this is something to [...]

2021-07-12T03:29:10+00:00July 12th, 2021|Healthcare, Retirement Planning, Taxes & Tax Planning|

Don’t Miss These End of Year Healthcare Deadlines

An average 65-year-old couple retiring today will need an estimated $285,000 to cover their healthcare costs.[1] This doesn’t even include long-term care costs, which can run as high as $253 per day on average for a private room in a nursing home or $119 per day on average for care in an assisted living facility [...]

2020-12-14T13:41:47+00:00December 14th, 2020|Financial Planning, Healthcare|

How Much Could Long-Term Care Cost You?

If you have elderly parents or know someone who does, you already know that there are many hard decisions to make when it comes to long-term care, especially during the pandemic. And figuring out the finances can be even harder. Trends could change in the coming decades, such as moving long-term care into the home, [...]

2020-11-15T22:24:24+00:00November 15th, 2020|Financial Planning, Healthcare|

4 Things to Know About Medicare This Month

One of your largest retirement expenses could be your healthcare costs. An average 65-year-old couple retiring today will need an estimated $363,946 to cover their healthcare costs, according to one study.[1] With the Medicare fall open enrollment period starting on October 15th, it’s time to assess your options or start thinking about your Medicare strategy [...]

2020-10-12T02:15:42+00:00October 12th, 2020|Healthcare|

Moving Long-Term Care Into the Home

There is a shift away from providing long-term care services in hospitals and nursing homes to proving them in individuals’ homes. This was happening before the pandemic, but the trend is now accelerating for several reasons. Many nursing homes did not allow visitors for months during the pandemic, understandably leading to many worried families and [...]

2020-10-09T11:56:06+00:00October 9th, 2020|Healthcare|

3 Things to Know About Covering Healthcare Costs In Retirement

Consider that the average 65-year-old couple retiring today will need an estimated $363,946 to cover their healthcare costs in retirement, and this does not include long-term care costs.[1] Many people assume that Medicare will cover all of their healthcare needs, but Medicare is neither free nor comprehensive healthcare coverage. There can potentially be many out-of-pocket healthcare [...]

2020-07-30T00:07:19+00:00June 1st, 2020|Healthcare|
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