Traditional planning of retirement does not have a long term satisfactory solution for an early retiree. This is because the arbitrary number totaled for health care costs as estimate does not serve the purpose aptly.
There is a problem that even the political environment cannot be predicted. The inflation of the health cost rate or the status of personal health in the coming 5 or 15 or even 25 years is unpredictable. Of course, everyone is aware of the amount spent in the past year and also clarity about the expenses of the next year.
Thus, planning simply to work to cover the medical costs is the reason that many people delay on their retirement. If you are concerned about medical costs perhaps AARP Medicare supplement Plan is for you. Visit www.bestmedicaresupplementplans2019.com/aarp-medicare-supplement-2019/Working status offers an opportunity to stay busy and they also get health insurance through the work union or employer. In fact, even if their workplace has no such insurance feature of facility, they earn enough to buy every year the required coverage. Therefore, it is best to pursue with the available or existing health insurance until possible and also accumulate as much as possible wealth so that there is confidence to look for a better plan, if essential, after retirement.
Though, by any means, this is not an ideal plan, the fact is that we also do not exist in some very perfect world. In fact, the health care system is very far from being perfect and it also needs alternative solutions. There is a need for flexible solution that will suit the lifestyle as well.
Planning for retirement early is also a nice idea as it allows quality time to spend for a couple. But, having a decent insurance plan as a backup is essential so that if there is a sudden need for minor surgery resulting in expensive medical tests, it will be taken care of and the deductibles can be met quickly.
Conversely, if you have no insurance from your employer side, it makes sense to continue working as much as possible, so that the risk can be avoided as you can pay for your health care from the salary you earn. But, if you are fortunate and have coverage offered by your wife’s employer, you can obtain the coverage costs. The upside is that if your wife works from home or has a part-time work with flexible hours, it matches your lifestyle. This will make your health insurance affordable and you can delay withdrawals from the investments.