Healthcare

While you aren’t faced with many major changes for 2024, tax shifts are on the horizon for 2026 as the Tax Cuts and Jobs Act (TCJA) is set to expire. Don’t let these low tax years pass you by without intentional tax planning.

You may be eagerly awaiting the ability to go on Medicare upon turning age 65; however, as part of your Medicare plan research, it’s important to understand what won’t be covered under traditional Medicare.

Cognitive loss continues to be one of today’s biggest retirement risks. According to the Alzheimer's Association, the number of present Alzheimer’s cases are projected to more than double by 2050.

If you have yet to retire, or simply want to elevate the retirement life you’re already living, oftentimes, your best source of advice is from fellow retirees.

Health care expenses might be one of your top retirement concerns, and with good reason. Fidelity recently claimed that a 65-year-old couple retiring today will need an average of $315,000 for medical costs. However, evidence and logic suggest this likely won’t be your reality.

What if our ride to the finish line isn’t smooth? Complex risks including extended longevity and health issues can create a large financial burden on retirees, and as such, recent research from De Nardi shows that Americans are now saving well into their 80s and beyond.

While you might expect the universal retirement fear to be running out of money, it goes beyond dollars to declining health; specifically, an Alzheimer’s diagnosis.

When it comes to healthcare expenses in retirement, there are those you can somewhat-accurately factor into your budget (such as insurance premiums), and those that are unexpected (such as a medical emergencies or illness).

As you find yourself in the midst of Medicare’s open enrollment period, it’s an ideal time to evaluate where you can optimize your health care benefits.

Do you have a Health Savings Account (HSA)? If so, it’s time to ensure you’re truly maximizing its benefits for retirement.

Whether you’re a first-time enrollee, or simply want to ensure you’re maximizing Medicare coverage, it’s important to understand the benefits provided through each part.

If you’re planning on retiring before you’re eligible for Medicare coverage (age 65), one major component you’ll need to account for is healthcare.