When it comes to life post-retirement,
health care is an important needle to thread.
70% of people turning 65 can expect
to need some form of extended health care.
While it's never fun to think about aging,
creating a patchwork of solutions
can help secure your future health and well-being.
By 2030, about 10 million people over the age of 65
will be dealing with a significant disability.
So that is a piece that must be considered.
And since women outlive men by five years on average,
they may need to consider this in their extended care
solutions.
The costs are higher than ever.
Americans spend billions of dollars a year
on extended health care services.
There are a variety of products at your disposal
for extended care, the most obvious being insurance.
Additional choices may include riders
on life insurance, fixed annuities, or self-funding
through savings.
What's important is getting the funding choices
you select to work together and work for you.
As you put the pieces together, it's
important to discuss your choices with your family and
with your financial professional.
Together, you can create a strategy
that's designed to ensure your comfort and security as
long as you need it.