Are You Prepared for Health Care Costs While in Retirement?

Yes, health care can be expensive in retirement, but there are some things you can do now to get your ducks in a row.

One yellow rubber duckie swims out of a row of others.
(Image credit: Getty Images)

There is a simple and unsettling reality in the United States. Many Americans don’t feel financially prepared for health care costs in retirement. In a recent study of U.S. adults ages 50 to 64, nearly 45% had low confidence in their ability to afford health insurance during retirement. We’ve all heard these costs are rising faster than inflation, but how do we plan for something that feels so uncertain?

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This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

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Matthew Stratman
Financial Adviser, Western International Securities

Matt Stratman is a financial adviser at Western International Securities in Southern California. His focus is helping business owners and entrepreneurs who are planning for retirement. With a strong, client-centered approach he creates personalized investment strategies to help them reach their financial goals. Matt is extremely passionate about retirement planning, believing the better prepared a person is, the more fulfilling their retirement will be.