Are you a retiree or soon to be retiree and are you concerned about the rising costs of medical care? If you’re not, you should be. When meeting with clients that are either in retirement or approaching retirement, one of the most unexciting things to talk about is the rising cost of medical care. But for obvious reasons, this is a discussion that must be brought up; otherwise we will not have planned for what could potentially be the demise of our retirement portfolio.
Health Care Costs During Working Years
In your working years, the cost of health care is usually an afterthought. If you’ve got a good employer with decent insurance, routine visits to the doctor are taken care of just by paying simple co-pay. In fact, when either my wife or I go to the doctor, we are only required to pay a $15 co-pay for what is called a wellness visit. But upon retirement, things change. […]
