Dreaming of beach days and endless relaxation in retirement? Hold that thought! Some pesky signs might suggest your savings aren’t as beefed up as they need to be.
- Got Plans for Long-Term Care?
So, hitting 65 means there’s a solid chance you might need long-term care down the road. And spoiler alert: a year in a care spot came with a price tag of around $54,000 in 2021.
But, you’ve got some safety nets available. From insurance options to annuities, there’s hope. Best move? Have a chat with a savvy long-term care planner.
- Planning for 20 More Years? Might Need More…
A ton of folks reaching 65 today could be grooving well into their 90s. If you’ve got cash lined up for 20 years but end up needing 30, there’s some math to redo.
Pro tip: Swing by Livingto100.com and get a ballpark idea of your life expectancy. Plus, have a mix of income pots for your retirement.
- Got a Health Fund Ready?
Healthcare’s a beast. Some of us might be looking at dropping over $250,000. And couples starting their chill-out phase in 2022? They’re probably gonna need a solid $315,000.
Strategy? Build those big numbers into your retirement planning. And once you’re in the relaxed phase, find the Medicare sweet spot that’s perfect for you.
Ready for the full drill-down?
