Journey to Retirement: Surprise Healthcare Expenses

The Journey to Retirement is Different for Everyone.

Expected and unexpected healthcare expenses can have a significant impact on a client's retirement. Here's one example of ways to plan for, and adapt to, changing financial and physical needs. Retirees must face what is essentially the last transition in their lives. The first transition comes when we leave the security of home to begin our school life, leaving the later afternoon and evening to ourselves. Another major transition comes when we join the working world; now we work all week but still have the weekend to ourselves. Then finally comes retirement, a time when careers are done and we have the rest of our lives to ourselves.

A Healthy 65 year old couple may need $363,000 for Healthcare.

She can start signing up for Health Savings Accounts and exercise regularly to manage her future healthcare costs.

Mom Develops Alzheimer’s and Meg takes Leave of Absence.

She puts together a long term care plan and goes back to work.

Meg’s husband gets diagnose with prostate cancer.

Navigate a course for survival and find positive ways to move forward. Plan more and stress less on the journey to retirement!