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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Examining the Future of Social Security, Medicare, and Your Taxes

Examining the Future of Social Security, Medicare, and Your Taxes Barnett Financial & Tax

The Social Security trust fund is now expected to be depleted by 2034, according to a recent report from the Social Security and Medicare trustees.[1] That’s one year earlier than they reported last year, and the pandemic is to blame. Less was collected in payroll taxes when unemployment was high, and more people claimed benefits.…

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