Your Investment Partners With Paul & Garrett
EP.40 - Healthcare Expenses in Retirement
Join hosts Paul and Garrett as they explore the important topic of healthcare expenses in retirement. They discuss the financial challenges and decisions surrounding healthcare as we age, outlining the options available for managing these costs. From government programs like Medicare and Medicaid to the details of long-term care insurance and self-funding, Paul and Garrett provide a clear overview of the pros, cons, and strategies to effectively handle healthcare expenses in retirement. This episode offers essential guidance for anyone planning for their future or advising a loved one.
Key Points From This Episode
- Three main strategies for managing healthcare costs in retirement.
- The basics of Medicare and Medicaid and the role of supplements.
- Insurance options for long-term healthcare needs.
- Pros and cons of self-funding healthcare expenses in retirement.
- The financial implications of different healthcare strategies.
- The importance of planning for potential long-term care needs.
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