Season 2 Episode 42: Health care in retirement

Everyday Wealth

Jean Chatzky

Investing, Business, Education

2 • 935 Ratings

🗓️ 23 October 2023

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

According to a recent study by HealthView Services, the potential projected lifetime health care costs for a 55-year-old couple could be more than $1 million, not including costs for long-term care, and that number continues to rise. In this episode of Edelman Financial Engines’ Everyday Wealth™, Jean and wealth planner Isabel Barrow discuss the different options for health care plans available to retirees and why it’s so important to have a financial plan that can support the costs of health care in retirement. Later, Jean and Isabel break down the ins and outs of Medicare parts A, B, C and D, and the most important factors in keeping your Medicare costs down.

Ms. Chatzky receives cash compensation for acting as host of the Everyday Wealth podcast and for related activities and therefore has an incentive to endorse Edelman Financial Engines and its planners. That compensation is a fixed sum paid on an annual basis; and reimbursement for certain expenses. The amount paid each year does not vary, is not based on show content or any results-dependent factors (e.g., popularity of the show).

The information being provided is for informational and educational purposes only and should not be construed as advice. You should consult a financial advisor to help determine the best options for your particular circumstances.

Neither Financial Engines Advisors L.L.C. nor any of its advisors sell insurance products. Edelman Financial Engines affiliates may receive insurance-related compensation for the referral of insurance opportunities to third parties if individuals elect to purchase insurance through those third parties. You are encouraged to review this information with your insurance agent or broker to determine the best options for your particular circumstances.

© 2023 Edelman Financial Engines, LLC. Edelman Financial Engines® is a registered trademark of Edelman Financial Engines, LLC. All advisory services provided by Financial Engines Advisors L.L.C., a federally registered investment advisor. Certain services provided on an educational and guidance basis only. Results are not guaranteed. Produced October 2023.

See omnystudio.com/listener for privacy information.

Transcript

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0:00.0	The views expressed on this program are not necessarily the views of this station.
0:03.0	Content is for educational purposes only.
0:05.0	Consult a financial advisor or conduct your own due diligence if investing.
0:08.0	The show is pre-recorded.
0:09.0	Everyday Wealth is produced and created by Edelman Financial Engines and hosted by Jean Chatsky.
0:12.0	Ms Chatsky.
0:12.6	Miss Chatsky is not an employee or client of the firm.
0:14.8	She receives fixed cash compensation as host and for related activities and therefore has an incentive
0:19.2	to endorse Edelman Financial Engines and its planners.
0:21.3	For additional information, please see W. Edelman Financial Engines. its planners. For additional information, please see W.W. Edelman Financial Engines.com slash everyday wealth.
0:25.7	The 2022 top 100 independent advisory firm ranking issued by Barron's is
0:29.2	qualitative and quantitative, including assets managed by the firm, technology spending, staff diversity, succession
0:33.8	planning, and other metrics.
0:35.1	Firms elect to participate but do not pay to be included in the ranking.
0:37.7	Compensation is paid for use and distribution of rating.
0:39.7	Award in September 2022 based on data within a 12-month period. Investor experience and returns are not considered.
0:44.4	At the intersection of life and money,
0:48.1	this is Edelman Financial Engine's everyday wealth
0:51.3	with personal finance expert Jean Chatsky.
0:54.3	Edlin Financial Engines has been ranked by Behrens as the number one investment advisor
0:58.8	in the country.
1:00.1	Now here's Jean Chatsky.
	...

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