How to Stop the Sting of Retirement’s Out-of-Pocket Medical Bills. (Or at Least Reduce the Pain.)

The takeaway.  Out-of-pocket medical bills could be your biggest expense in retirement.  Research suggests that over the life of their retirement, a couple can expect to spend an average of $315,000 on such expenses.  Below are seven ways to stop the sting, or at least reduce the pain. $$$ Recently, Mr. Boomer-Money-and-More got into a … [Read more…]

The Three Factors Affecting Your Long-Term Care Insurance Costs

retro black and white photo of fearful couple clutching money to their chest.

The takeaway:  The three factors affecting your long-term care insurance costs are 1) your life-long premiums, 2) premium rate hikes, and 3) the policy’s elimination period–which even though you’re insured, requires you to pay your own long-term care costs for a certain period of time.  How well you prepare, plan, and protect for these factors … [Read more…]