DiscoverInvestTalkBudgeting for Retirement? Don't Forget Healthcare's Hidden Costs
Budgeting for Retirement? Don't Forget Healthcare's Hidden Costs

Budgeting for Retirement? Don't Forget Healthcare's Hidden Costs

Update: 2024-07-301
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Retirees face significant healthcare expenses, with average annual costs reaching $6,883 per person, driven by Medicare premiums, out-of-pocket expenses, and potential long-term care needs. These costs are influenced by factors such as inflation in healthcare services, increased longevity, and advancements in medical treatments. Understanding these expenses and implementing strategies like Health Savings Accounts (HSAs) and long-term care insurance can help retirees better prepare for and manage healthcare costs in their later years.

 

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Budgeting for Retirement? Don't Forget Healthcare's Hidden Costs

Budgeting for Retirement? Don't Forget Healthcare's Hidden Costs

Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors