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Horsesmouth Essential: Health care planning is a sensitive subject that often takes advisors—and clients—to places they don’t want to go. However, given rising expenses, no retirement plan is complete without some kind of provision for health care needs. Here are some guidelines and resources for estimating costs and discussing the issue with clients.
Horsesmouth Essential: Clients say they are worried about retirement, but what really concern them are health care expenses during retirement. Health care is expensive, and the ongoing national debate fuels everyone's uncertainty. Now it is more important than ever to include health care costs in your retirement plans. Here are some tools, resources, statistics, and facts to help you budget for and talk to clients about their future health care needs.
Horsesmouth Essential: Improper financial planning for health care can ruin clients' retirement dreams. If your clients haven't considered their health care coverage, you must ask the right questions to get them thinking seriously about it.
It's not easy to calculate just how much health care retiring clients will need. But it's the single biggest factor affecting how long a retirement portfolio might last. Get a budget under way by reviewing employee benefits and Medicare options and estimating future expenses.
To put aside more money for college tuition, parents are dipping into their retirement funds.
It is difficult for older clients and their adult children to prepare for a time when parents may be physically or mentally disabled by the vagaries of age. Check in to be sure families have established durable power of attorney and advance medical directives long before they are needed.
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Social Security and Medicare Workshop
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