Friends Talk Money

Gen X's Retirement Shock: The Truth About Healthcare Costs


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Generation X is often called the "forgotten middle child" between Boomers and Millennials, but with 65 million Gen Xers moving into their 50s and early 60s, they're facing a massive financial challenge: skyrocketing healthcare costs.

In this episode of Friends Talk Money, Pam Krueger, Terry Savage, and Richard Eisenberg unpack why healthcare, not retirement savings, is now the #1 financial concern for Gen X. From high insurance premiums and long-term care to hidden out-of-pocket costs, we break down:

  • Why Gen X is more worried about healthcare than retirement savings
  • How rising costs are squeezing families still raising kids & saving for retirement
  • What Medicare will and won't cover
  • Smart planning tools: HSAs, catch-up contributions & employer health benefits
  • Why fee-only fiduciary advisors can help Gen Xers plan ahead and avoid surprises

If you're Gen X (or love someone who is), this is a must-listen to help prepare for a healthier, more financially secure retirement.

Links:

  • This is Generation X's biggest retirement worry — and it's not money (MarketWatch)
  • Gen X Is Headed for Retirement Crisis: 5 Ways To Avoid Being Part of the Trend (GoBankingRates)
  • Three Things You Should Do – And Not Do – To Prepare For Your Retirement (Wealthramp)
  • Health Savings Account (Terry Savage)
  • Want to Retire at 67? See if You Can Answer These Five Questions (Kiplinger)
...more
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