medicare

The Basics of Planning for Healthcare in Retirement

Most couples will spend about $315,000 on healthcare in retirement.[1] Let that number sink in. Do you have a plan for how you’re going to manage costs like that? Luckily, if you’re not sure, we have some recommendations! A solid retirement plan is a good place to start. Contributing to a retirement account may help [...]

By |2024-05-14T15:55:28-04:00May 20th, 2024|Blog, Healthcare, medicare|

Here’s What Medicare May Not Cover…Are You Prepared?

You may think that Medicare covers all of your medical expenses when you retire…but it doesn’t. We often see clients who have a really solid retirement plan that takes almost everything into account except for medical expenses. They often think, “Well, I’m healthy now, so I’ll be healthy in the future.” But that isn’t always [...]

By |2024-03-04T10:44:26-05:00March 4th, 2024|Blog, Financial Planning, Health & Wellness, medicare|

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 [...]

By |2021-10-11T02:49:44-04:00October 11th, 2021|Healthcare, medicare|

Examining the Future of Social Security, Medicare, and Your Taxes

The Social Security trust fund is now expected to be depleted by 2034, according to a recent report from the Social Security and Medicare trustees.[1] That’s one year earlier than they reported last year, and the pandemic is to blame. Less was collected in payroll taxes when unemployment was high, and more people claimed benefits. [...]

By |2021-09-20T12:31:19-04:00September 20th, 2021|medicare, Social Security, Taxes|