As healthcare costs continue to rise across America, financial advisors need to take particular notice of the ways in which these costs can affect their clients in retirement, and how such costs will translate into impact on a client’s retirement financing plans. One such way that healthcare costs are climbing centers on the Medicare program’s income-related monthly adjustment amount (IRMAA), which can impact retirement security.
This is according to a newly-published article at ThinkAdvisor, which recommends a few options that retirees can potentially explore so that their own IRMAA could be mitigated or avoided. One such option is a reverse mortgage, the article says.
“For many retirees, the equity in their personal residence represents a significant portion of their net worth,” the article reads. “This
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