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Do You Have $280,000 Saved for Healthcare Costs in Retirement?

Fidelity Investments recently published an article that a couple retiring this year would need $280K saved to cover medical costs. Are you prepared? Forbes Finance Council member Danielle Kunkle Roberts, founder of Boomer Benefits, shares her insights on preparing for far-off healthcare expenses.

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Key Takeaways

  • The retirement landscape has changed significantly in the past 20 years. Medical technology allows people to live longer and work longer. And with the advent of the Internet, many older people are able to engage in encore careers that do not require physical labor.
  • Retirees are often uninformed about Medicare costs, and don’t expect that they’re going to have the same kind of deductibles and copays and coinsurance on their Medicare as they have all their working life.
  • A financial planner can help prepare people who are still working to save correctly for future medical costs with tools like high-deductible health savings accounts.

Tweetable Insights

“We meet with people who have no idea that Medicare isn’t free… a couple right now in 2018 age 65 would need a combined total of $280,000 just to pay for their healthcare costs in retirement” Inside @ForbesCouncils with Danielle Roberts @boomerbenefits https://forbescouncils.com/podcast/healthcare-costs-in-retirement/

Featured Member

Danielle Kunkle Roberts is a founding partner and senior executive at Boomer Benefits, a national broker specializing in Medicare-related insurance products since 2005. Serving thousands of Medicare policyholders in 47 states, Boomer Benefits helps baby boomers learn the ropes in regards to Medicare. Learn more about Boomer Benefits here.

Do You Have $280,000 Saved for Healthcare Costs in Retirement?

Fidelity Investments recently published an article that a couple retiring this year would need $280K saved to cover medical costs. Are you prepared? Forbes Finance Council member Danielle Kunkle Roberts, founder of Boomer Benefits, shares her insights on preparing for far-off healthcare expenses..

SUBSCRIBE

Key Takeaways

  • The retirement landscape has changed significantly in the past 20 years. Medical technology allows people to live longer and work longer. And with the advent of the Internet, many older people are able to engage in encore careers that do not require physical labor.
  • Retirees are often uninformed about Medicare costs, and don’t expect that they’re going to have the same kind of deductibles and copays and coinsurance on their Medicare as they have all their working life.
  • A financial planner can help prepare people who are still working to save correctly for future medical costs with tools like high-deductible health savings accounts.

Tweetable Insights

“We meet with people who have no idea that Medicare isn’t free… a couple right now in 2018 age 65 would need a combined total of $280,000 just to pay for their healthcare costs in retirement” Inside @ForbesCouncils with Danielle Roberts @boomerbenefits https://forbescouncils.com/podcast/healthcare-costs-in-retirement/

Featured Member

Danielle Kunkle Roberts is a founding partner and senior executive at Boomer Benefits, a national broker specializing in Medicare-related insurance products since 2005. Serving thousands of Medicare policyholders in 47 states, Boomer Benefits helps baby boomers learn the ropes in regards to Medicare. Learn more about Boomer Benefits here.

Join Forbes Councils

Our featured guests are members of Forbes Councils. If you are a successful entrepreneur, executive, or business leader, you may qualify.

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LOCATION

Forbes Councils
745 Atlantic Avenue
Boston, MA 02110

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