Ready for a personalized plan? Book your FREE retirement readiness call 👉 https://www.concurrentfp.com/
Take the Gen X Retirement Readiness Quiz 🚨 https://concurrentfp.typeform.com/genx-scorecard
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Healthcare is the sleeper cost that can quietly delay retirement by 3+ years. In this episode, Dr. Preston Cherry (Financial Planning Ph.D., CFP®, Top 10 Investopedia Advisor, Founder of Concurrent Wealth Management) breaks down the real price of healthcare in retirement - and how to plan for it before it hijacks your date.
Fidelity’s 2025 estimate puts a 65-year-old’s average lifetime healthcare spend at ~$172,500 after tax (up ~4% YoY), and MarketWatch notes it’s more than doubled since the early 2000s. Meanwhile, Advisor Perspectives highlights Gen X confidence gaps and competing pressures that make this easy to overlook. This video turns those numbers into a clear plan you can use now.
This isn’t about fear. It’s about building a healthcare-aware retirement plan - so your life drives your money, not the other way around.
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What You’ll Learn in This Video 👇
✅ The hidden line items Medicare doesn’t cover (dental, vision, LTC) and why premiums/deductibles still matter
✅ The $172,500 reality: why healthcare inflation outpaces wages/savings - and how to budget it proactively
✅ The costly “62 - 65 bridge”: options (spouse plan, ACA, COBRA, private) and how to avoid subsidy/IRMAA surprises
✅ Five smart Gen X moves: HSA strategy, Roth conversions with IRMAA awareness, catch-ups, stress-testing LTC, annual guardrails
✅ A simple 90-second audit to add a healthcare line to your plan and set annual IRMAA/tax checkpoints
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Who Is This Video For?
📌 Gen X (40s - 50s - early 60s) building a healthcare-aware retirement plan
📌 DIY planners who want clear guardrails (IRMAA/ACA/social security tax interactions)
📌 Couples coordinating pre-Medicare coverage and Social Security timing
📌 Professionals who prefer transparent, values-first planning over guesswork
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Ready for a personalized plan? 👉 Book your FREE retirement readiness call: https://www.concurrentfp.com/
Subscribe for weekly, data-driven retirement strategies 👇
YouTube: @DrPrestonCherry
Take the Gen X Retirement Readiness Quiz 🚨
https://concurrentfp.typeform.com/genx-scorecard
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Key Words linking To This Topic:
retirement healthcare costs, Fidelity $172,500 estimate, Medicare gaps, IRMAA surcharges, ACA subsidy cliff, pre-Medicare coverage 62 - 65, Gen X retirement planning, long-term care planning, HSA strategy, Roth conversions and Medicare, healthspan vs lifespan, retirement budget healthcare line item, premiums deductibles out-of-pocket, MarketWatch healthcare cost, Advisor Perspectives Gen X confidence, retirement date delay healthcare
#RetirementPlanning #GenX #HealthcareCosts #Medicare #IRMAA #ACASubsidies #HSA #RothConversions #LongTermCare #FinancialPlanning #TaxSmartRetirement #PreMedicareBridge #RetireOnTime #WealthInTheKeyOfLife #MoneyMindset
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