Social Security – The WIN Podcast

Navigating Healthcare Costs in Retirement: Strategies for Financial Wellness (Ep. 49)

By The-WIN-Podcast | March 5, 2024

Healthcare costs are one of the biggest expenses that retirees face, and they can vary depending on factors such as age, health, location, and lifestyle.

Planning for these costs can be challenging, but also rewarding, as it can help you achieve your retirement goals and enjoy your golden years without worrying about unexpected medical bills.

In this episode, Corey Heimensen dives into the critical topic of healthcare costs in retirement. He breaks down estimated expenses while highlighting the importance of Social Security and Health Savings Accounts. Corey also touches on the impact of lifestyle choices and the benefits of preventative care, and he provides insights into managing healthcare costs through financial goals, considering inflation, and government support programs.

Corey discusses:

Healthcare costs in retirement and the fear associated with it
How media use scare tactics to draw attention to healthcare costs in retirement
The estimated healthcare costs for a couple in retirement
The role of Social Security as a piece of the retirement financial puzzle
The impact of healthy lifestyle choices and preventative care in managing future healthcare expenses
Health Savings Accounts and their potential benefits for managing future healthcare costs
How inflation and income/ increases can impact financial planning for healthcare costs
And more!

Resources:

“Stop Doing Dumb Things With Your Money” – by Corey Heimensen

Connect with Corey Heimensen:

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Social Security and the Easy Way Out (Ep. 24)

By The-WIN-Podcast | March 21, 2023

Filing for Social Security may be perceived as complicated and confusing as there’s not much guidance about it.

Is it even necessary to file for it?

Due to this confusion, many just take Social Security as soon as they can without considering many aspects. In this episode, Corey Heimensen shares the 6 ways people justify taking it early. Also, he explains why Social Security shouldn’t be an “easy way out” when it comes to our cash flow.

Corey discusses:

Why people need to be educated about Social Security early on
In what life circumstances people should draw from it
The six ways people justify taking it early
Why a growing life expectancy requires a serious financial planning
How crucial it is to get guidance about our Social Security from experts
And more!