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If you can't retire at 66, do you think you will have enough to cover rocketing health care costs and needs as you turn 70 and then 80? At 66 you should be inst
by Pet_Ant 4y ago
If you can't retire at 66, do you think you will have enough to cover rocketing health care costs and needs as you turn 70 and then 80? At 66 you should be installing accessible bath tubs and stair railings and lifts. If you don't lay the ground work now, it'll get grim sooner rather than later.
- bryanlarsen 4y agoShe's getting $0 in social security now and will be likely getting over $1500 a month at age 70. Her medical expenses will be mostly covered by Medicaid. $1500/month is not sunshine and rainbows, but it's not starving in the streets either.
- __derek__ 4y agoMedicare, not Medicaid, although she may be eligible to use Medicaid to supplement.[1] [1]: https://www.medicare.gov/basics/costs/help/medicaid https://www.medicare.gov/basics/costs/help/medicaid
- bluefirebrand 4y agoBecause what people need in their 70s is "just scraping by"
- klipklop 4y agoFor many, $1500/mo is living in the streets level of income. I have family that collected early and get like $900/mo. It's grim. Medicare/Medicaid is not free at all. There are lots of things that cost you additional money, that they don't have so they don't get all the medical care they need. Just what they can afford.