Preventive care strategies to help you deal with healthcare expenses in retirement According to the 2021 Fidelity Retiree Health Care Cost Estimate, an average retired couple age 65 may need approximately $300,000 saved (after tax) to cover health care expenses in retirement. There are a number of factors behind this escalating cost challenge. In general, people are living longer and …
The Swiss Army Knife of Financial Tools
In recent years, another retirement savings vehicle has come about that might be superior to the 401(k): a health savings account (HSA). Today, on Nestology TV we discuss how the HSA is by far the most underutilized financial tool you can use to build your retirement nest egg.
MAKING SENSE OF HSAs AND FSAs
Healthcare is expensive. no kidding, right. and no matter whether yours is bronze, silver, gold, or even platinum, healthcare plans are expensive, not to mention out- of pocket medical expenses, such as copays, deductibles, and costs that are simply not reimbursed. There’s a way to potentially save money on your total annual healthcare costs. Health Savings Accounts (HSA) and Flexible …