Remove 2040 Remove Insurance Coverage Remove Retirement
article thumbnail

How to Build a Retirement Plan That Covers Your Healthcare Needs

WiserAdvisor

The average life expectancy in the United States now stands at nearly 80 years, and by 2040, 20% of Americans will be over the age of 65. With medical inflation outpacing general inflation, ignoring healthcare in your retirement plan is a risk no one can afford. Factoring in retirement healthcare costs is a smart move.

article thumbnail

How Your Health Should Factor Into Your Financial Planning

WiserAdvisor

Consider buying disability insurance According to the Social Security Administration, about one in four 20-year-olds will become disabled before reaching retirement age. Surprisingly, 65% of employees working in the private sector have no long-term disability insurance. This will help you pick suitable coverage.