How to Plan For Rising Health Care Costs in Retirement

As of 2021, the average 65-year-old couple will need approximately $300,000 saved to cover their health care expenses in retirement — and for those that are planning on retiring before they’re eligible for Medicare, that number may be even higher. So what can you do to prepare for the rising cost of health care? In this episode, we’re chatting with Wealth Advisor Mike Fleischhauer on how to plan for medical expenses in retirement, health insurance options for early retirees, and the pros and cons of long term care insurance. In this episode, we discuss how to plan for medical expenses in retirement, including health insurance options and the pros and cons of long term care insurance.