Money Guy Show This One Expense Is Breaking People’s Retirement
7 snips
Sep 17, 2025 In retirement planning, healthcare costs can be a significant burden, with projections showings averages near $172,500. The discussion emphasizes the importance of proactive financial planning, including the use of Health Savings Accounts. Strategies like automating savings and understanding Social Security options are essential. Audience engagement adds a fun dynamic as they tackle real questions about investments and financial goals. Plus, insights into tax implications for gifting and estate planning round out the conversation, helping to empower listeners on their financial journeys.
AI Snips
Chapters
Books
Transcript
Episode notes
Healthcare Is The Retirement Wildcard
- Fidelity estimates a 65-year-old retiring in 2025 will spend about $172,500 on healthcare in retirement.
- Many people underestimate healthcare's retirement hit and medical issues drive a large share of bankruptcies.
Open And Fund An HSA Early
- See if you qualify for a Health Savings Account and start funding it for future medical costs.
- HSAs offer a triple tax advantage: deduction, tax-deferred growth, and tax-free medical withdrawals.
Small Monthly Saves Reduce Big Future Costs
- Small consistent savings by age reduce the total healthcare burden in retirement dramatically.
- Save between about $30 and $500 per month depending on your current age to meaningfully prepare.
