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 [...]

If you have an HSA or are planning on opening one, you’re in luck: The IRS has announced higher contribution limits for 2020. Starting next year, you can contribute up to $3,550 for individual coverage, or $7,100 for family coverage. And, if you’re 55 or older, you can contribute an additional $1,000 per year. You [...]

According to a recent analysis by Fidelity Investments, a couple retiring at age 65 this year could end up paying $280,000 on medical care in retirement. While this estimate is over a roughly two decade period, it does not include prices for dental care, long-term care, and over-the-counter drugs. And, as Americans are living longer, [...]