Kudos on that retirement stash! But how sure are we it’ll cover those epic retirement plans?
- Locked In a Long-Term Care Plan?
When you hit 65, there’s this long-term care thing to consider. Just a heads up: a year of it cost around $54,000 in 2021.
But hey, with things like insurance and annuities, you’ve got options. Top tip? Link up with a long-term care planning guru.
- Got 20 Years of Fun Planned? Might Wanna Plan for 10 More!
Many folks turning 65 could still be partying at 90. So if you’ve saved for 20 years but end up needing 30, it’s back to the drawing board.
Quick fix: Swing by Livingto100.com and see what they say about your lifespan. And remember, variety is the spice of retirement funds.
- Ready to Shell Out on Health Stuff?
Spoiler: Healthcare can dent the wallet. Some might need to cough up over $250,000. And couples? Those who began chilling in 2022 could need a massive $315,000.
The strategy? Plug these big costs into your retirement math. Once you’re in the groove, lock down the ideal Medicare plan.
Keen for the full breakdown?
