Manage episode 515172044 series 2510975
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Health care costs are rising faster than almost every other expense in retirement, and the latest numbers prove it. Phil breaks down Fidelity’s 2025 estimate showing that a 65-year-old couple retiring today can expect to spend around $172,500 on health care alone, not including long-term care. With Medicare premiums increasing and more retirees unprepared, Phil shares proactive strategies to stay in control of your retirement budget before medical expenses take a bigger bite than expected.
Here’s some of what we discuss in this episode:
📈 Healthcare Inflation: Growing faster than the cost of living
🏥 Medicare Myths: What Parts A & B really cover (and what they don’t)
🧾 Long-Term Care: The major expense not included in most estimates
💡 HSA Advantage: Using triple-tax-free savings for future care
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299 episodes