I’m 35 now and plan to retire around 40 or 41. I’m not exorbitantly rich, though; I’ve just saved enough to support my expenses and will do what I want instead of going to work every day.
What I don’t have a good handle on are my options for health insurance (before reaching age 65 and Medicare, or whatever age at which Medicare will be available in 30-40 years). Are there any in the industry who have seen similar situations and have suggestions about what to expect?
Thanks,
Doug
The question is about what to expect for insurance costs between age 40 (my retirement) and 65 (transition to Medicare).
do not worry man …. just plan your life in your means with happinesses …. for family …..
I know a lot of retired folks in their 60’s who pay well in excess of $1000 a month for insurance. While nobody knows how much insurance will cost in the future, inflation in the medical industry consistently outpaces the CPI. You should seriously talk with a fee-only planner to get a good understanding of this and work out a plan that fits.
Good luck