Finance Friday: Lowering Retirement Healthcare Costs

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?


About Mike Wilson

Michael L. Wilson, MBA, CFP®, CRC®, is the owner of Integrity Financial Planning. Prior to founding Integrity in 1998, he worked for two years as a faculty member at the College for Financial Planning in Denver, training other financial advisors. Mike has 10 years of experience in the mutual fund industry, having worked with Fidelity Investments and Invesco Mutual Funds. He holds an MBA in Finance from Baylor University. Learn more about his work at
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