The number one concern regarding retirement security in various surveys is rising healthcare costs. Bureau of Labor statistics show healthcare costs as a percentage of household expenses rise from 8% in our 50s to 15% in our 70s—nearly doubling! But there are practical steps you can take to manage these costs.
If you’re in your 50s or beyond, give some serious thought to your healthcare now. What can you change in your lifestyle to make your healthcare costs more affordable over the next decade or two?