Use HSAs To Maintain The Health-Wealth Connection
By Michaela Scott
Anyone who plans to retire must also plan for the inevitable healthcare costs that come with aging.
According to estimates from recordkeepers and employee benefit research organizations, the average retired couple will spend over a quarter million dollars for healthcare and medical expenses in retirement. That is baseline, and without proper planning, a single healthcare emergency – which already carries financial burden and stress – can derail a retirement plan and create a self-reinforcing cycle of health and financial problems.
Financial advisors are not doctors, so we may not call it malpractice, but ignoring clients’ healthcare needs is definitely negligent. The scale of the necessity requires us to help both individual and corporate clients plan for current and future healthcare costs. One way to keep clients on track is by taking advantage of an underused and underexplained financial tool: Health Sav
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Baltimore County sued over work-release pay at facility
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