Our daily roundup of retirement news your clients may be thinking about.
Making retirement lemonade from health insurance lemons The total out-of-pocket health care expenses of a 65-year-old couple in retirement could exceed $320,000, with these costs to increase 5% annually, according to this article on CNBC. Clients who want to secure their retirement are advised to prepare for these costs, with strategies such as contributing to a health savings account. "The HSA is the best tax-saving tool. Money goes in pretax and comes out pretax. There's nothing else like it," says an expert.
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