Retirement experts agree that today’s workers should begin to set aside money for medical expenses in retirement as part of their overall retirement strategy. After all, employee-sponsored retiree health care coverage is declining nationwide. And the view’s still blurry on exactly what health care reform will offer to retirees going forward.

They suggest having a separate savings account, like a Health Savings Account (HSA), specifically for medical expenses in retirement. And why not consider the added advantages of a self-directed HSA? It gives you the ability to leverage creative – and potentially lucrative – investment strategies in areas you know, like real estate, tax liens, renewable energy and much more.

So beyond continuing to contribute to and make investments with your Self-Directed IRA to bolster your retirement income, it may be the right time to take the next step of setting aside money specifically for medical needs. The plain truth is, health care will likely be the largest expense in retirement for many Americans.

Discover more about saving for health care expenses with a self-directed HSA – including how to make the “Triple Tax Advantage” work for you – by reading the full “Will Health Care Reform Affect Your Retirement?” article. Taking our Free IRA Wealth Consultation (normally $125) will also help you stay on the path to a healthier and happier retirement lifestyle.

Filed under: Equity University, Uncategorized on April 30th, 2010