As we enter retirement, a couple of things usually happen related to healthcare. One is that we may lose the medical insurance that was sponsored by our employer. Another is that, over time, we are likely to spend increasing amounts of money on medical care, since our health might change or decline. And it’s a fact that the cost of healthcare is rising all the time.
This means that we need to pay special attention to our healthcare costs in retirement.
If we plan well enough before actually retiring, we should be able to handle healthcare expenses more easily than if we just ignore them.
Knowing what your options are can help you take advantage of the tax treatment and strategies that best suit your situation and goals.
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