I am thrilled I am working half-time now for as long as I am having fun (probably to age 67-70)! My husband loves his job and wants to work full-time until age 67 - 70.
Given the known out of pocket maximums of medicare and its supplements, what categories of health care costs drive up the spending in later life? I can guess audiology, durable medical equipment and maybe drugs, but curious what the data says.
Don't live on your money. Live on the gains of your money in investments. I don't care about income taxes. If my pre-tax income is higher, my post-tax income will be higher.
Most of the time I see 20% tax savings without changing your investments - just how/when you take your money out of different accounts. Who wouldn’t want $100k+ lifetime tax savings?
"Routinely" live "healthy" to be 100. You're kidding, right? I suggest you visit/volunteer at your local extended care facility and tell me how those 100 year olds are getting along. It's not pretty and you DON"T want to be one of them.
I was the only caregiver of my husband until he died from an operation at age 99,7. He fell and fractured his femur. The botched operation killed him. He left me with $3.6M. I am 78.
@@MrRetirement You realize life expectancy has fallen, right?? Medical care continues to decline. "Advancements" - nothing more than "wonder drugs" like Ozempic which bring along side-effects no one knows about and only enriches big pharma.
Tax laws will change and tax planning is the hardest thing in retirement planning for us.
Yes, I agree!
I am thrilled I am working half-time now for as long as I am having fun (probably to age 67-70)! My husband loves his job and wants to work full-time until age 67 - 70.
That’s so great!!
Given the known out of pocket maximums of medicare and its supplements, what categories of health care costs drive up the spending in later life? I can guess audiology, durable medical equipment and maybe drugs, but curious what the data says.
My guess is that you’re on the right track but the IRS data I saw did not break it down.
Should you not just use a world allocation 60/40 fund?
Make sure to pick the level of risk that matches your goals.
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Looking back, I can see this trend happening with my great grandparents. Inspired to check my plan for a longer lifespan!
Right on!
Don't live on your money.
Live on the gains of your money in investments.
I don't care about income taxes.
If my pre-tax income is higher, my post-tax income will be higher.
Most of the time I see 20% tax savings without changing your investments - just how/when you take your money out of different accounts. Who wouldn’t want $100k+ lifetime tax savings?
I would rather work until 65 years old and call it quits.
Sounds like a plan!
"Routinely" live "healthy" to be 100. You're kidding, right? I suggest you visit/volunteer at your local extended care facility and tell me how those 100 year olds are getting along. It's not pretty and you DON"T want to be one of them.
It’s becoming more routine, and the current 62yo retiree will see a lot of medical health advancements in the next 40 years.
I was the only caregiver of my husband until he died from an operation at age 99,7.
He fell and fractured his femur. The botched operation killed him. He left me with $3.6M. I am 78.
@@MrRetirement You realize life expectancy has fallen, right?? Medical care continues to decline. "Advancements" - nothing more than "wonder drugs" like Ozempic which bring along side-effects no one knows about and only enriches big pharma.
He was lucky to have you! Please schedule a free intro call at calendly.com/d/3wq-24m-d4p
How has life expectancy fallen?