Health care is growing more and more expensive for retirees every year. Costs have inflated by 6 percent since 2016. Fidelity Investments estimates that a healthy 65-year-old couple will need $275,000 to cover their health care costs over the course of their retirement. Worse still, Fidelity’s calculations did not account for the cost of over-the-counter medications, dental services, or long-term care. HSA There are steps you can take now to help weather these rising costs once you retire. One option is to open a health savings account, or HSA. If you are a worker with a high-deductible health care plan, you qualify to open an HSA. These accounts allow you to save up to $3,400 annually, or $6,750 for family coverage. Your contributions are allowed to grow tax-free, and as long as the funds are used to cover qualified health care expenses, you don’t pay any taxes when you withdraw the funds. This includes certain Medicare premiums. Long-Term Care Medicare does not cover long-term care. While it is covered by Medicaid, it often requires a family to completely spend down all assets. The average private room in a nursing home costs more HEALTH CARE: WHAT PRE-RETIREES NEED TO KNOW
than $8,000 per month, according to a survey released by Genworth Financial last year. These exorbitant costs can easily sabotage your retirement plans, as well as your legacy. Don’t be caught unprepared. Have a financial plan in place.
Please contact us regarding health care in retirement. Now is the time to review your plan! Call Dupont Wealth Solutions at 614.408.0004.
SUDOKU
LEFTOVER TURKEY RAMEN
INGREDIENTS
•
4 eggs
•
1 leftover turkey carcass
•
4 ounces bacon
•
6 scallions, divided
•
4 portions fresh, not instant, ramen noodles
•
8 slices ginger
•
6 dried shiitake mushrooms
•
2 cups leftover turkey, shredded
•
16 cups water
DIRECTIONS
1. Remove most of the meat
3. Cook bacon until crisp. Drain, chop, and set aside. Chop remaining scallions. 4. Once the broth is done
from the turkey carcass, shred, and set aside. Put carcass in a large stockpot, along with 3 scallions, ginger, mushrooms, and water. Bring to a boil, then simmer for 3 hours. saucepan and cover with cold water. Bring to a boil, then immediately remove pot from heat and let sit for 4 minutes. Transfer eggs to an ice bath to cool.
simmering, prepare the fresh noodles according to package directions. Divide noodles among 4 bowls and cover with broth. Add shredded turkey, chopped scallions, chopped bacon, and an egg to each bowl.
2. Place eggs in a small
(Recipe inspired byTheWoksOfLife.com.)
Wealth Solutions www.dupontwealth.com | Law Office www.DandBlaw.com | 3
Made with FlippingBook Online document