Make money work for you!

  • Home
  • Personal Finance
  • Budgeting
  • Shopping
  • Taxes

Here’s How to Cover Your Healthcare Costs in Retirement in Your 50s

October 7, 2022 · Personal Finance
 healthcare
Photo by Ground Picture from Shutterstock

Focus on building non-retirement savings

Even if this tip might not seem to be healthcare related, it is still a good idea to build up non-retirement savings, and to contribute to the chosen retirement accounts, as Corey Noyes, owner and financial advisor with Balanced Capital, agreed.

For example, let’s say you retire at 62 years old, and you have a couple of years you’re obliged to pay for insurance before Medicare starts. However, your plan would be to live off of those savings of yours, right?

Well, if you’re living off a non-retirement account, then the income that you’ve earned throughout a year will be almost zero. When that happens, substantial subsidies for health insurance through the Obamacare exchange program will be triggered.

Pages: 1 2 3 4 5 6 7 8

Share this article

Facebook Twitter Pinterest LinkedIn Email

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

1 comment on “Here’s How to Cover Your Healthcare Costs in Retirement in Your 50s”

  1. danny couch says:
    November 10, 2022 at 7:06 pm

    i believe you are all talk prove me wrong

    Reply
Se încarcă comentarii...

Nu mai există comentarii de afișat.

Search

Latest Posts

  • A happy couple shopping with a full cart at a warehouse club in 2026. Top 10 Sam's Club Deals You Can't Ignore in 2026
  • A couple shopping for high-end deals at a modern warehouse store. 12 Costco Deals Shoppers Are Jumping on for 2026
  • A high-end desk setup with a Social Security card and a gold pen, representing presidential financial benefits. Is Trump on Social Security? A Look at Presidential Benefits
  • A person thoughtfully choosing a card from their wallet at a checkout counter. 5 Places to Avoid Using Your Debit Card and 3 Safe Spots
  • A mature couple looking at a tablet together on a sunny patio, appearing confident about their financial future. Married or Divorced? Don't Miss This Social Security Tip That Could Increase Your Checks
  • A confident woman working on her taxes at a bright, organized home office desk. IRS Alert: 6 Mistakes That Could Inflate Your Tax Bill
  • A woman looks thoughtfully at a tablet in a modern kitchen, representing financial planning for rising costs. Unfortunately, We'll Pay More for These 6 Things in 2026
  • A woman smiling at her phone in a bright living room with a delivery package on the table. The Best Amazon Prime Perks You Should Be Using in 2026
  • A woman smiling at her phone in a bright kitchen, representing the relief of receiving a tax refund. When Will Your 2026 Tax Refund Arrive? IRS Timeline Explained
  • A shopper looking at a grocery checkout screen with the New York City skyline in the background. 10 US Cities Where Grocery Prices Are Highest in 2026

Newsletter

Get money-saving tips and personal finance advice delivered to your inbox.

Related Articles

cheaper clothes

9 Efficient Tips to Save Money on Clothes

While it’s completely understandable to feel the need to shop for new clothes every season,…

Read More →
money hacks

10 Money Hacks To Thrive Financially in 2025

A happy couple laughs while using a laptop in their kitchen to discover smart ways…

Read More →
prepare for a recession

6 Essential Steps to Prepare for a Recession!

Nowadays, with the rise of inflation and overall financial instability, it might be a good…

Read More →
Social Security

The 4 Worst Ages to Claim Social Security (—and What to Do Instead)

Deciding when it’s the right time to start your Social Security must be one of…

Read More →
A person thoughtfully choosing a card from their wallet at a checkout counter.

5 Places to Avoid Using Your Debit Card and 3 Safe Spots

Protect your money by avoiding these 5 high-risk places for debit cards. Learn about skimming,…

Read More →
celebrities

These 12 Celebrities Couldn’t Afford It Anymore

Sharp scissors slice through a patterned tie over past due notices, showing how quickly a…

Read More →
budget-friendly

6 Amazing Budget-Friendly Hobbies

Hands hold a rustic handmade journal beside a green plant and ceramic mug, perfect for…

Read More →
will

11 Essential Steps To Craft a Strong Estate Plan

A woman thoughtfully reflects on her legacy while sitting at a table with her laptop…

Read More →
credit card scams

7 New Credit Card Scams You Didn’t Know About

Tapping your credit card against a payment terminal was meant to make your life easier.…

Read More →
The Money Place

Make money work for you!

Inedit Agency S.R.L.
Bucharest, Romania

contact@ineditagency.com

Explore

  • Subscribe
  • Unsubscribe
  • Newsletter
  • Terms and Conditions
  • Do not sell my personal information
  • Privacy Policy
  • Contact

Categories

  • Budgeting
  • Personal Finance
  • Shopping
  • Taxes

© 2026 The Money Place. All rights reserved.