Health Care Retirement Planning
Health Care Retirement Planning
our health care retirement planning experts in naples, florida
Our health care retirement planning experts in naples, florida
At Nova Wealth Management, we believe planning for retirement is about more than just crunching numbers—it’s about peace of mind. One of the most overlooked but critical components of retirement planning is health care costs. If you’re approaching retirement or already enjoying it, you may have questions like:
- How do I plan for long-term care expenses?
- What will Medicare cover - and what won't it cover?
- How much should I set aside for out-of-pocket health care expenses?
- What role do Health Savings Accounts (HSAs) and insurance policies play?
Whether you’re in Naples, Fort Myers, Marco Island, or across Collier County, we’re here to help. Our mission is to guide you through the complexities of Health Care Retirement Planning so you can retire with confidence and clarity.
why health care retirement planning matters
why health care retirement planning matters
According to recent studies, an average 65-year-old couple retiring today can expect to spend upwards of $300,000 on health care costs during retirement. This doesn’t include long-term care, dental services, or over-the-counter medications.
Without the right plan, these costs can erode your retirement savings. But with the right strategy, crafted by experienced financial advisors like those at Nova Wealth Management, you can feel secure knowing you’re prepared for whatever health care surprises life throws your way.
What we offer at nova wealth management
What we offer at nova wealth management
When you work with us, you’ll get a customized approach tailored to your lifestyle, health history, and financial situation. Our Health Care Retirement Planning services typically include:
medicare isn't one-size-fits-all
medicare isn't one-size-fits-all
Enrolling in Medicare is a milestone, but it can be confusing. With four different parts (A, B, C, and D) and countless supplemental policies, it’s not something you want to figure out at the last minute. Our advisors provide clarity around:
- Eligibility and enrollment periods
- Original medicare vs medicare advantage
- medigap supplemental plans
- prescription drug coverage and potential gaps
We’ll help you make informed decisions that can save you thousands over the course of your retirement.
Long-term care: planning for the "what-ifs"
Long-term care: planning for the "what-ifs"
It’s difficult to predict whether you’ll need long-term care, but statistics show that nearly 70% of people over 65 will require some form of it. The average cost for a private room in a nursing home in Florida can exceed $120,000 annually.
We’ll walk you through your options:
- Traditional long-term care insurance
- Hybrid life insurance and LTC policies
- Self-funding strategies through investments and asset allocation
Health care costs & your retirement income plan
Health care costs & your retirement income plan
At Nova Wealth Management, we don’t just plan in silos. Health care costs are a key part of your larger retirement income strategy. We’ll help you determine:
How much you should be withdrawing from retirement accounts to cover medical expenses
Which accounts to tap into first for tax efficiency
How your health care spending may evolve as you age
We pride ourselves on offering transparent, fiduciary-driven advice tailored for retirees and pre-retirees living in Naples, FL and surrounding areas.
Serving the Southwest Florida Community
Serving the southwest florida community
Nova Wealth Management is proud to be based in Naples, Florida, serving clients across Fort Myers, Estero, Sanibel Island, Captiva, and Marco Island. Our local knowledge, combined with national expertise, allows us to craft health care retirement plans that align with both your financial goals and the realities of Florida’s health care landscape.
Whether you’re still working or already retired, let’s create a plan that gives you long-term confidence and control.
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