Managing Healthcare Costs in Retirement: A Comprehensive Guide
We all wish for those extra years, but what’s the point if we’re not taking care of ourselves? Without a solid healthcare plan, living longer might turn into a burden. As you age, heathcare costs can eat up a big chunk of your spending, and that’s not the retirement dream anyone has in mind. One study showed that between 2009 and 2019, out-of-pocket healthcare costs for adults over age 65 rose by 41% to well over $6,000 a year. Today, older Americans are spending 13% of their annual expenditures on healthcare costs. For younger Americans that number is just 8%. Of course, these numbers shouldn...