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 [...]
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 [...]
We’ve all heard that exercise is good for us, but it can be hard to commit to when our normal routines are disrupted. Over the course of a career spent working countless hours and long nights, we may have gotten somewhat out of shape, and this trend is likely to continue if we’re stuck inside [...]
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 [...]
As coronavirus spreads across the U.S., public health officials are issuing more warnings. Some schools have shut down, and more companies are having employees work from home. While the coronavirus is quite contagious and can be serious, it’s important to know who should be most concerned. While much is still unknown about the virus, it [...]
The coronavirus epidemic has many worried, and information about the disease floods the news and internet every day. There’s a ton of information on the coronavirus out there, but not all of it is necessarily true. Let's separate fact from fiction: Here are six common coronavirus myths. Face Masks Will Protect You Not necessarily - [...]
If you’re in your 50’s, 60’s, or 70’s, you probably watched your parents age and maybe took on caregiving responsibilities. In fact, about 34 million U.S. adults provide unpaid care to an adult over the age of 50, usually a parent.[1] Whether you’re working full-time, part-time, or are retired, this can be time consuming and [...]
There’s a 70% Chance You’ll Need Long-Term Care We can all celebrate an increasing life expectancy as we look forward to our golden years. In 1950 the life expectancy for American men was 65.6, and for American women was 71.[1] Now it’s 76.3 for men and 81.4 for women. Of course, many people live to be older [...]
Your healthcare needs can change in retirement, as can the way you pay for them. At 65, most Medicare beneficiaries must start navigating a new system. If you are or will be a Medicare beneficiary, one important date that should make it onto your calendar is October 15th. This is the beginning of the Medicare [...]
Some of the major expenses you’ll need to anticipate in retirement are your healthcare costs. There are many choices to make when it comes to choosing a Medicare plan, using an HSA, and qualifying for Medicaid. One healthcare cost that is easy, but possibly detrimental to overlook is long-term care. It’s estimated that 52% of [...]
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