Ask Bob: Affordable Healthcare Before Medicare
Robert Powell, CFP®
Question: The single most important issue -- if you retire before the age at which you qualify for Medicare -- is to find affordable healthcare coverage. It's an issue of increasing importance when the Affordable Care Act falls short. Any creative ideas?
Answer: Having the proper health coverage is an extremely important element in any financial plan, says Colin Overweg, CFP, founder of Advize Wealth Management. "It becomes especially challenging if the client retires before Medicare eligibility," he says. "Like building wealth, there is no silver bullet to solving this problem, it just takes proper planning."