It’s almost a given that we are now living longer lives. The typical 65-year-old today can expect to live well into his or her mid 80’s and a couple can expect to have at least one person live into their 90’s.[i] What this means is that a retired couple must prepare for a 30 plus year retirement so we must carefully plan to make our finances last for as long as we do.
Health Care Costs –
The Storm Cloud Hanging Over Your Retirement
Part 2 - Understanding Long Term Care Needs
Why do some households tread water financially while others make progress? Does it come down to habits. Sometimes the difference starts there. A household that prioritizes paying itself first may end up in much better financial shape in the long run than other households.
“The art of taxation consists in so plucking the goose as to obtain the largest amount of feathers with the least possible amount of hissing.”- J. B. Colbert
Part 1 – Understanding your health care costs in retirement
This is the first of a three-part series on planning for health care costs in retirement.