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Estimating Health Care Costs in Retirement

There are so many choices and decisions to make surrounding your Health Care options and benefits.  This article helps you better understand what some of those issues might be.  It discusses subjects such as your current health status, pre-retirement issues, and the importance of preparing for health care in retirement.  Looking at Health Care costs can sometimes be overwhelming.  This article points out some useful tools and calculators to help you when examining the various costs associated with Health Care.  If you have any additional questions, please do not hesitate to contact our office.

Article By: Amy E. Buttell

Rising medical expenses means that no retirement plan is complete without some kind of provision for health care needs. Here are some guidelines and resources for estimating what health care could cost during retirement.

Health care costs are rapidly emerging as a major expense both before and during retirement. With lifetime employment a relic of the past and longevity on the rise, it is a top-priority to include health care expenses and planning as part of the financial and retirement planning you do with your financial advisor.

There are a number of issues surrounding health care costs including the impact of current health status, pre-retirement issues, preparation for health care in retirement, and continuing adjustments that may need to be made in terms of planning and managing your health care spending during retirement.

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