Planning for Retirement

We Baby Boomers are sometimes not well informed when planning our medical care, especially when it comes to long-term medical care during our years spent in retirement.

We tend to put our hope and trust in Medicare, which provides excellent health insurance. But it is not enough to pay for our medical costs; it doesn’t pay for long-term support and services.

In a study by Fidelity Benefits Consulting, it is noted that a couple turning 65 today will pay an average of $220,000 in out-of-pocket medical costs before they die,