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This article brought to you courtesy of Matt Stutes, Cornerstone Wealth Management, Canby Herald Insider Financial Planning Expert.

Matt Stutes, CFP

No matter when you plan on retiring, health care costs impact your budget at every stage of life. Here is a list of some things to consider:

40's

• Maximize employer benefits

• Maximize health savings account (HSA) contributions for retirement saving

• Evaluate health care needs

50's

• Make catch-up HSA contributions starting at age 55

• Evaluate early retirement health care needs

• Evaluate health care needs

• Maximize HSA contributions

60's

• Continue HSA catch-up contributions until age 65

• Evaluate early retirement health care needs

• Use HSA savings to pay for long-term care or COBRA premiums

65+

• Choose a Medicare plan

• Sign up for Medicare Part D prescription drug coverage

• Understand retiree coverage from employer

• Use HSA savings to pay for Medicare premiums and outof-pocket expenses

How will health care costs affect your retirement savings? Now

is the time to find out.

Please feel free to contact Cornerstone Wealth Management,

at 503-266-7431, to make plans for a healthy financial future.

Cornerstone Wealth Management

486 N.W. 2nd Ave.

Canby, OR 97013

503-266-7431

www.thecwmgroup.com

Securities and advisory services offered through LPL

Financial, a registered investment advisor. Member

FINRA/SIPC.

The opinions voiced in this material are for general information

only and are not intended to provide specific

advice or recommendations for any individual.

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