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

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)