Health care is not a side item in a retirement budget. It determines whether someone can leave work before 65, how much cash flow is needed after Medicare begins, and how much flexibility the portfolio must retain for later-life care. A sound retirement date therefore includes a written health-coverage timeline, a monthly medical budget, and a contingency plan for costs Medicare does not cover. Build the plan at least six months before employment ends. Enrollment decisions often depend on the exact last day of work, whether coverage comes from current employment, the employer’s size, and whether a spouse remains employed.…
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