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
health care healthcare
Photo by Dragana Gordic from Shutterstock

Take care of your health effective immediately

You should prioritize your health now, even if you’re still in power. Think of it as an investment for your future that could save you a ton of healthcare costs. David Edmisten, CFP, and founder of Next Phase Financial Planning, LLC, explained that middle-aged people should be careful with their current state of health, but also with their family medical history.

What if there are some chronic health issues in your family that you should know about? Or what if you’re prone to a couple of health issues that develop later in life? Middle-aged people need to watch out for these things and reconsider their healthcare and lifestyle choices if needed.

Read more about healthy changes in your diet, how to start your own workout routine or even basic wellness information. They might help you later to reduce the healthcare costs you’re worrying about! This is the first frugal tip to remember: if you want to decrease the annual healthcare costs in your golden years, make sure you maximize your healthy lifestyle decisions now!

Healthcare costs vary between 9% and 14% of the median older household’s spending, which is a significant amount of money, especially in retirement, according to Edmisten. Reviewing your current health status, deciding to go for a healthier approach, budgeting for expected health costs, and also thinking of new health coverage options, besides Medicare, might help a lot.

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Your email address will not be published.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.

Latest Posts

  • IRS refund Tax Refund Alert: Americans May See a $1,000 Increase in 2026
  • Are You a Homeowner? Here Are 5 Trump Tax Bill Changes That Could Affect You
  • social security The 2026 Schedule of Social Security Offices – What You Need to Know
  • snap Amazon Refund: How Much You Could Receive
  • amazon prime, money Here’s How to Get Your Refund From Amazon’s $2.5B FTC Settlement

Related Articles

Debt Free Lifestyle Habit

10 Best Debt Relief Programs for Seniors

2. Debt Consolidation Loans A debt consolidation loan replaces multiple unsecured debts with a single…

Read More →
Eliminating Income Tax

Trump Eliminating Income Taxes? These 10 States Won’t Like It!

How would eliminating income taxes affect us? President Donald Trump has continually implied that he…

Read More →
documents you should shred

9 Documents You Should Shred for Your Safety

2. Papers with a Social Security number Did you know that 158 million Social Security…

Read More →
celebrities

These 12 Celebrities Couldn’t Afford It Anymore

These Celebrities Went Bankrupt! So I guess it’s not that far-fetched to say that even…

Read More →
money

10 IMPORTANT Money Rules To Know by Heart Before You’re 60

Some things in life are so difficult to decipher, that it usually takes an entire…

Read More →
money 2023 buffett income

9 Financial Lessons From Warren Buffett and Charlie Munger

Inflation is another important reason to favor economic moats Until now, it has been much…

Read More →
deduction

Debt Troubles? Here Are 6 Tips on How To Manage It

How do you deal with your debt? Being in debt is not the end of…

Read More →
social security financial

7 Financial Rules to Follow if You Move Overseas

Whether you’re deciding to move or even retire overseas, you still need to have your…

Read More →
credit card

Have A Credit Card? Here Are 10 Times You Should Use It With Confidence

Cashback The cash-back credit card was made famous in the United States by Discover, and…

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.