Leveraging Your Wealth Against the High Cost of Health Care

Author

AAA Medicaid Consulting

For more information about the author, click to view their website: AAA Medicaid Consulting

Posted on

Jan 15, 2024

Book/Edition

Colorado - Colorado Springs

Retirement is one of the hardest planning functions of our working lives.  What do we plan for?  How much do we set aside?  What approach will provide the best understanding of the cost-of-living expenses that are unknown today?  While we are moving in unchartered territory working through this thought process on a personal level, there is always room to discover a prudent plan of action. 

First, I have identified the most common approach to retirement planning.  The three basics being utilized today are:

1) I need enough money for my day-to-day expenses

2) I want to set money aside to leave to my Heirs and

3) I want to check off items on my bucket list. 

The most common approach does not address health care cost.  If you do not include this in your plan you take from other parts of your plan, and it may be too late for adjusting for health care.  Do not bankrupt your retirement.  Do your planning right.  Get your review today!  Get on the right path! 

Editor’s Note: This article was submitted by Jennifer L Erickson with AAA Medicaid Consulting. She may be reached at 719-459-2519. 

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