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Power Your Retirement
Hosted by Steve Smit, CERTIFIED FINANCIAL PLANNER® and founder of Powerhouse Financial Advisors, this podcast is designed to help employees of large publicly traded utility companies take control of their retirement planning. Steve, author of Power Up Your 401(k), shares insights on maximizing 401(k) options, navigating self-directed brokerage accounts, and creating a secure financial future. Tune in for practical advice, helpful resources, and strategies to power up your retirement! Subscribe and never miss an episode! Also available in video format on YouTube. For more information about Power Your Retirement, visit PowerhouseFinancialAdvisors.com or call 775-266-8867.
Power Your Retirement
Retirement Health Care Costs Just Jumped Again (2025 Update)
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Fidelity just released their 2025 Retiree Health Care Cost Estimate, and the number is staggering: $172,500 for a 65-year-old retiring today. The bigger problem? One in five Americans haven’t even thought about health care costs in retirement. Steve breaks down what this means, why it matters, and how to prepare before medical costs derail your plan. Health care is one of retirement’s biggest wildcards, but with the right strategy, you can make it just another budget item, not a financial shock.
Here’s some of what we discuss in this episode:
💰 2025 Healthcare Cost Estimate: what Fidelity’s new number means for retirees
📊 Breaking Down the Costs: what’s actually included and what isn’t
🧾 Preparing for Rising Expenses: why healthcare must be part of your retirement plan
🏥 Using HSAs Wisely: how to maximize the triple tax advantage
💡 Medicare Misconceptions: common blind spots and planning mistakes
📉 Reducing the Burden: strategies to manage and lower lifetime healthcare costs
Fidelity Investments® Releases 2025 Retiree Health Care Cost Estimate
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