Tag: Medical
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Retirement Health Care Fund
WSJ published a story late August, prior to the latest stock market collapse, for near-retirees and the first item on the list was to establish a “health-care fund.” If you are still considering retirement (some have decided to defer retirement for a year or two to make up for the retirement fund shortfall, this is…
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High Deductible Health Plan + Health Savings Account Plan
One of the biggest concerns for retirees is medical costs. As we live longer, the need for health insurance grows and the cost of that insurance will also increase. It’s simple math, older people are simply more expensive to insure. Since you’ll be living on a fixed income, the increasing costs of your insurance will…
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Retirement Medical Savings Required: $376,000
$376,000 is the highest amount recommended by the Employee Benefit Research Institute in a report released yesterday. What the EBRI, which is a D.C.-based public policy group, recommends for a couple, with premiums not subsidized by their former employer, have approximately $376,000 if they are not willing to take on any risk (meaning they don’t…