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Understanding the Cost of Health Care in Retirement

By Elliot N. Dinkin, President/CEO, Cowden Associates, Inc. – Published in World at Work

Many employers today provide access to planning tools and financial advisers to assist employees in maximizing their retirement wealth to provide for a comfortable post-work lifestyle.

These tools and services are absolutely necessary for employees. However, there are other major factors that are often overlooked, namely:

  • Out-of-pocket health-care costs and navigating the complicated world of Medicare
  • Optimization of Social Security in order to maximize benefits.

Without a thorough understanding of these issues, there could be a devastating impact on retirement wealth.

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