Calling all registered investment advisors, brokers, and benefits specialists! We’ve put together an eBook that you can reference to help coach clients and employees on health-to-wealth strategies related to health savings accounts (HSAs) and retirement. Health care has become increasingly expensive in the past decade, and many people underestimate how much they need to set aside for medical expenses in retirement.
As a professional in the field, you know how complex the innerworkings of HSAs and government retirement benefits can be. With that in mind, you can imagine how daunting it is for the average working adult to try to navigate the tricky world of tax-advantaged health care spending plans, retirement savings, and rules surrounding Social Security and Medicare benefits. This complexity and confusion means you have a golden opportunity to offer clients and employees valuable guidance in this crucial area.
If you are advising clients or fielding questions from employees about benefits, savings, and retirement, it is important to know the basics about saving for health care costs during the golden years. By 2030, just 10 years from now, the U.S. Census Bureau predicts that one in five U.S. residents will be retirement age or older.
If one-fifth of the entire U.S. population will be retired, that means you probably have many clients and employees who are thinking more seriously about retirement planning. Do you feel ready to advise them based on what you know now?
For example, how would you fare answering any or all of these questions?