Episode 87: "Retiring Soon? What You Need to Know About Social Security & Healthcare"

Are you planning for retirement? In this episode, we dive into two of the most underestimated—but vital—factors that could make or break your retirement: Social Security and healthcare.

You’ll learn why so many people are taking a closer look at Social Security, how to plan for potential benefit reductions, and why doing a financial check-up before retirement is essential. We also tackle one of the biggest blind spots in retirement planning—healthcare costs—and explain what you need to know when evaluating plans and preparing for long-term care.

Plus, we answer listener questions about covering nursing home expenses, saving for retirement a decade out, and how to know you’re getting the right financial guidance.
If retirement is on your horizon, this is one conversation you can’t afford to miss.

Chapters
00:00 People are paying more attention to Social Security
04:10 Factoring potential Social Security decrease in retirement planning
17:35 The importance of doing a financial check-up near retirement
31:30 Health Care: One of the biggest issues retirees run into when reviewing plans
43:15 Listener Question: How do I cover nursing home care?
48:50 Listener Question: How much should I set aside if I’ll retire in 10 years?
51:15 Listener Question: How do I make sure I’m getting the right guidance?

#RetirementPlanning #NearRetirement #SocialSecurity #HealthCareinRetirement

Ready to plan your retirement? Do you have specific questions for Tom and the team at Mosley Wealth Management? Contact us here: https://mosleywealthmanagement.com/contact/ 

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Learn the key components you need to include in your retirement plan:
Check this video out: https://youtu.be/QkJzvbZ_gDs

#RetirementPlanning #RetirementRisks #FinancialSecurity #RetirementBlueprint #LongevityRisk #MarketRisk #TaxPlanning #LongTermCare #Social Security
#Retirement #RetirementReady #FinanicalAdvisors #RetirementSavings #Retirement
#HowtoPrepareforRetirement #RetirementTips #RetirementStrategy

DISCLOSURE: Investment advisory services offered by duly registered individuals through Mosley Wealth Management, Inc. (“MWM”). MWM and Mosley Insurance and Financial Services are affiliated companies by common ownership. License # 0K76766 Investing involves risk, including the potential loss of principal. Any references to protection, safety, or lifetime income, generally referred to fixed insurance products, never securities or investments. Insurance guarantees are backed by the financial strength claims paying abilities of the issuing carrier. This content is intended for informational & educational purposes only. It is not intended to be used as the sole basis for financial decisions nor should it be construed as advice designed to meet the needs of an individual situation. All hypothetical examples are provided for illustrative purposes only; they do not represent real life scenarios. Mosley Insurance & Financial Services nor its agents or representatives may not give tax or legal advice. Individuals should consult with a qualified professional for guidance before making any investment decisions. Our firm is not affiliated with or endorsed by the US government or any governmental agency. Some of the information provided may be from one or more third parties which we believe to be reliable sources, but accuracy and completeness cannot be...