Carolyn McClanahan is both a physician and a financial adviser. When asked by clients how to prepare for health care costs in retirement (estimated on average to cost $240,000 per couple), she urges them to focus on what they can control – their own lifestyle choices. Here’s her advice for clients:
“I have no idea what health care costs are going to be (…in the future). They can’t sustain the incredible growth they’ve had, or this country is going to go broke.
So I discuss what they can control — their personal health. I have them make certain that they are living the healthiest lifestyle possible. Keeping on top of things like cholesterol, weight, blood sugar and high blood pressure goes a long way toward your longevity, how well you live in retirement and reducing your future health care costs.”