Financially Empowering Women

Many of you have heard me say that when we plan for retirement, we should look at the things that we can control and put together our best plans to increase our probability of success.  Well that is all well and good but there is one thing that we cannot control and it is an area of life that scares us all.  Yes, we are talking about rising health care costs.  Many people find the idea of planning for these costs so daunting that they choose to ignore these costs altogether when planning for retirement.  Well, you know that ignoring something doesn’t make it go away, and furthermore, the idea of ignoring this problematic issue is incongruent with our philosophy of claiming our financial power.   One problem is that most people overestimate what Medicare will cover.  Medicare in general covers much less than traditional employer plans and it certainly does not cover long-term care needs if we are unable to help ourselves with the major activities of daily living.   So