Roughly 15% of the annual retirement budget is actually spent on health care for a lot of families - typically totaling about $12,000. With health care costs climbing, it's critical to have conversations about your health care costs and work with your financial team to have a plan in place for your specific needs.

In this episode, John and Chip talk about how to plan for - and pay for - healthcare in retirement. Whether through COBRA, or other means. They discuss the cost of inflation on health care expenses and why saving for these should be as much of a priority as your basic living expenses and retirement savings.