Please join us for Planning for Health Care in Retirement
If you are like most Americans, health care is expected to be one of your largest expenses in retirement, after housing and transportation costs. Health care costs will likely consume a significant portion of your retirement budget—and you need to plan for that.
As retirement nears, you will have several big decisions to make, including when to stop working, when to take Social Security, how to pay for health care, and how to generate cash flow from your retirement assets. These decisions are interconnected and could make a difference in your living costs and lifestyle in retirement—and when you can retire.
As you plan for health care expenses throughout your retirement—however long it may be—understand how paying for future health care expenses fits into your overall retirement income planning efforts, because health care utilization tends to increase as we age.