Health care was on the minds of many voters during the mid-term elections, and I suspect this will continue to be a hot-button issue. Thanks to advances in medicine, technology, and standards of living, people are living longer and more active lives. However, with increased life expectancy comes higher health care costs and higher insurance premiums that you’ll have to account for longer into your retirement – especially if you’re a woman. Nevertheless, most of us are going to reach a point where we just cannot take care of our basic needs without a little additional help.
On today’s show, we’re giving our listeners an important overview of long-term care: who needs it, for how long, what Medicare does and doesn’t cover, and how to make sure your financial plan keeps you safe and comfortable throughout the later stages of your retirement.
“Are we going to be OK?”
I know some folks are asking themselves and their fiduciary advisors that question after a turbulent month for the markets. We’ve discussed both current and historical reasons for October’s volatility – which again, I have to stress, was perfectly normal and no cause for panic. But I understand that technical and theoretical analysis are cold comfort right now if you’re retired and depending on your investments to support you for the rest of your life.
So on today’s show, we’re going to move from the high-level view of the economy down to the trenches here at Keen Wealth. These are the strategies we use for both our working and retired clients during volatile times.