Healthcare in Retirement: The Basics

Healthcare in Retirement: The Basics Barnett Financial & Tax

Healthcare insurance is a crucial aspect of managing one’s health and finances. Understanding its basics can help individuals make informed decisions to help them stay healthy without running into unexpected costs. Here are some important points to keep in mind:   Types of health insurance: There are different types of health insurance plans, including health…

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A Guide for In-Home Care

A Guide for In-Home Care Barnett Financial & Tax

If you are aging and unsure about your options for in-home care as you get older, this article is for you. We’ll also cover the pros and cons of hiring help through an agency and doing it yourself. The most important thing to understand is the basics. If you are a home-bound individual or have…

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How Will You Pay for Long-Term Care in the Future?

How Will You Pay for Long-Term Care in the Future? Barnett Financial & Tax

Even though you’re a long time away from needing long-term care, now is the time to plan. An estimated 70% of Americans currently age 65 will need long-term care at some point, and costs can be staggering.[1] If you have a 70% chance of needing long-term care, you should think about how you would like…

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How Will You Want to Receive Long-Term Care?

How Will You Want to Receive Long-Term Care? Barnett Financial and Tax

There is a shift away from providing long-term care services in hospitals and nursing homes to providing care in individuals’ homes. This was happening before the pandemic, but the trend is now accelerating for several reasons. Many nursing homes did not allow visitors for months during the pandemic, understandably leading to many worried families and…

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Your Health is Priceless – But How Much Will It Cost You?

Your Health is Priceless – But How Much Will It Cost You? Barnett Financial and Tax

One of your largest retirement expenses could be your healthcare costs. An average 65-year-old couple retiring today will need an estimated $300,000 to cover their healthcare costs, according to a recent study.[1] Although good health is priceless, it could cost you in retirement. First, know what you can do during the Medicare Fall Open Enrollment…

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Tips On How to Be a Lifelong Athlete

Tips On How to Be a Lifelong Athlete Barnett Financial & Tax

If you’ve been watching tennis, you may be interested to know that about 12% of U.S. tennis players are between 45 and 55, and 11% are 55 and older.[1] There are many sports that you can enjoy and excel at in your 50s and beyond. Plus, regular exercise could help you stay active for longer…

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Three Eroding Forces on Your Retirement Savings

Three Eroding Forces on Your Retirement Savings Barnett Financial and Tax

Over 60% of Baby Boomers are more afraid of running out of money than of dying, according to a recent survey.[1] Even retirees who have saved a substantial amount for retirement may be worried about outliving their savings, and there may be good reasons for this. The potential for higher taxes, inflation, and healthcare costs…

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Retirement Has Changed – Have Your Plans?

People are retiring differently today than in the past – just think, will you retire exactly like your parents did? Probably not. Retirement is no longer about the end of a career; it’s about the beginning of a new, often quite active phase of life that could last decades. And while this is something to…

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3 At Home Work-Outs

exercise at home

You don’t necessarily have to spend a fortune to create a home gym if your gym is closed. We might think it’s too late to get back into shape by the time we’re retired or pointless to carve out time for physical activity, but this isn’t true. Incorporating more physical activity into your day could…

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Create Your Own Blue Zone in 2021

living longer

Did you know that there are places in the world where there is an unusually high number of people living into their 90’s and even 100’s? These populations are known for maintaining good health well into old age and are called “blue zones.” It’s not that they have special technologies, or the best doctors, or…

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