Financial Advice for Retirement, Social Security, IRAs and Estate Planning

Retirement Healthcare

Retirement expert Bob Carlson’s research and knowledge on how to get the most out of healthcare options

Found 87 Articles.
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Key Elements of Your Long Term Care Plan

October 16, 2018

In Part 1 of this article, I shared my thoughts on how to create a smart and effective long-term care plan, along with 3 key components that need to be considered in your long-term care plan. This week let’s continue the discussion with 4 more critical components of your long-term care plan. Long-term care insurance. […]

How to Build Your Long-Term Care Plan

October 11, 2018

The cost of long-term care is one of the major retirement financial worries. Survey after survey confirms that. The data also confirms that few people do anything about long-term care, other than worry. One survey even found that many people would rather go to the dentist than talk to someone about long-term care. That needn’t […]

How to Save Money on High Prescription Drug Costs in Retirement

June 1, 2018

As you might expect, medical care will be one of your highest expenses during retirement. And prescription drugs will be among your highest medical expenses. Now consider this… A 65-year-old couple today that has median prescription drug expenses for the rest of their lives will need $165,000 of savings to have a 50% chance of covering their health expenses in […]

How to Incorporate Medical Care Decisions into Your Estate Plan

April 27, 2018

My last report  covered all the medical care documents you’ll need, such as your HIPAA Authorization, health care power of attorney (HPOA), living wills and advance directives.  Today we lay out some working guidelines for making important medical care decisions. Do not resuscitate/hospitalize It’s common for older patients, especially frail ones in nursing homes, to […]

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Estate Planning Strategy: Planning for Medical Care in Retirement

April 20, 2018

Your estate plan should be about a lot more than finances. An estate plan isn’t complete, for example, without the medical care documents. In fact, I always recommend making this a priority. Have the medical care documents finalized while you’re still considering the other issues in the estate plan. Also understand that medical care documents […]

Key Retirement Advantages of Health Savings Accounts (HSAs)

November 27, 2017

The Health Savings Account (HSA) could be the best retirement planning vehicle available. Only the Roth IRA comes close. People are catching on to the advantages. There now are over $40 billion in HSAs, and the number of HSAs increased 16% over the last year. Much of the increase is because employers are switching to […]

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7 Ways to Compare Long-Term Care Insurance

October 13, 2017

I’ve found that long-term care is, without question, one of the most difficult aspects to handle in retirement planning. In Part 1 of our LTC piece last week, we covered some of the basics of long-term care, such as costs, elimination periods, and types of payouts. In today’s story, we’ll “cut through the sales talk” […]

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Solutions to Retirement’s Long-Term Care Question

October 6, 2017

Long-term care expenses are one of the great retirement fears. For many people, the cost and uncertainty of long-term care are only one reason for the anxiety. Even more anxiety is triggered by trying to sort through the options to fund potential long-term care expenses. Comparing the choices baffles even many financially savvy people and […]

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