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Advisor: Don’t ignore this $275,000 retirement expense

Ahead you retire, give your health-care financial plan a checkup.

“The develop you have today may not be the one you want to carry into retirement, because it may be cost-prohibitive to do so,” certified pecuniary planner Ron Carson, founder and CEO of Carson Wealth Management Group, told CNBC.

A wholesome 65-year-old couple retiring this year can expect to spend $275,000 to overlie health-care costs in retirement, according to Fidelity. Those calculations classify premiums, cost-sharing provisions and out-of-pocket costs associated with Medicare pieces A, B and D — but don’t include other health expenses, such as over-the-counter medications, dental benefits and long-term care.

Talk to a financial advisor about your superb options, based on your financial situation and timeline to retirement, Carson influenced.

“Think about the spouse that you’re potentially going to leave behind, conspicuously if you drain assets down,” he said.

Strategies might include long-term guardianship insurance or funding a health savings account. You’ll also want to carefully examine the ins and outs of Medicare coverage, Carson said, as well as any retiree strength benefits available to you from an employer.

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