Navigating Retirement Healthcare Pre and Post-Medicare with Darren Brennan, CFP®, CRPC® (Ep. 25)
Did you know that today, a couple aged 65 is expected to spend about $315,000 on healthcare costs throughout retirement?
That is a lot of money! Have you taken the time to plan for these expenses?
This week on The Retirement Engineer, Jim Kruzan is joined by Darren Brennan, Certified Financial Planner and Chartered Retirement Planning Counselor at Kaydan Wealth Management to unravel the complexities of planning for healthcare costs in retirement.
Jim and Darren’s conversation covers the critical considerations surrounding Medicare, COBRA insurance, and other healthcare funding strategies as you approach this pivotal phase of life.
So, tune in and discover what it takes to create a robust financial plan that accounts for healthcare expenses, allowing you to enjoy your golden years with less stress.
Episode talking points include:
- Strategies for managing healthcare costs before and after qualifying for Medicare
- The role of COBRA insurance and how it could fit into your retirement planning
- Innovative funding strategies, including Health Savings Accounts (HSAs) and Roth IRAs, to cover healthcare gaps
- The importance of planning for long-term care and the different options available
- And more!
Resources:
- Blue Cross Blue Shield
- Are Health Savings Accounts Better Than a 401(k)? (Ep. 10)
- How to plan for rising healthcare costs
- What Is the Average Retirement Savings by Age?
- The Consolidated Omnibus Budget Reconciliation Act (COBRA)
- COBRA FAQs
- Medicare Part B
- Medicare Part D
- Health Savings Account (HSA)
Connect with Jim Kruzan:
- (800) 638-6900
- Kaydan Wealth Management
- LinkedIn: Jim Kruzan
- LinkedIn: Kaydan Wealth Management
- Facebook: Kaydan Wealth Management
- Instagram: Kaydan Wealth Management
- YouTube: Kaydan Wealth Management
- Twitter: Kaydan Wealth Management
Connect with Darren Brennan:
About our Guest:
Darren Brennan is a CFP®, CRPC® at Kaydan Wealth Management, responsible for delivering the full spectrum of wealth management to clients. He is a key member of Kaydan Wealth Management’s Investment Policy Committee. Darren also supports the Senior Wealth Advisor with the creation and maintenance of client financial plans.
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