Tag: Retirement Expenses
Navigating Retirement Healthcare Pre and Post-Medicare with Darren Brennan, CFP®, CRPC® (Ep. 25)

Navigating Retirement Healthcare Pre and Post-Medicare with Darren Brennan, CFP®, CRPC® (Ep. 25)

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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:

Connect with Jim Kruzan: 

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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Podcast Image showing the title "How Much Money Do You Need To Retire?"
How Much Money Do You Need To Retire? (Ep. 12)

How Much Money Do You Need To Retire? (Ep. 12)

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How can you save for retirement if you don’t know how much money you’ll need?

It’s time to calculate your financial finish line so you don’t run out of money during retirement!

In this episode, Jim Kruzan, CFP®, CRPC®, shares easy-to-follow methods and rules of thumb to estimate your retirement expenses and income — and what to do if you have no idea where to begin.

Jim discusses:

  • Key points to discuss with your spouse about your “dream retirement”
  • Why you should categorize your retirement expenses into needs, wants, and wishes
  • How to account for major lifestyle adjustments and rising healthcare costs
  • Rules of thumb to quickly check if you’re on track
  • And more

Resources:

Connect with Jim Kruzan: 

About Your Host: 

Balancing the responsibilities of Founder and Senior Wealth Advisor puts Jim in a unique position at Kaydan Wealth Management. As the Founder, Jim is responsible for guiding the direction of the firm’s moral compass and ensuring the entire team is advancing its mission statement. As Senior Wealth Advisor, he manages the firm’s largest and most complex client relationships and is also hands-on with the development of comprehensive, process-driven wealth solutions.

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