07/12/2023
10 year old saver
β± 5,882 monthly savings
Gets within β±1.2-million at Age 30
Gets within β±20.3-million at Age 60 with monthly healthcare/pension β±160-thousand or yearly healthcare/pension of β±2-million
20 year old saver
β± 5,882 monthly savings
Gets within β±1.2-million at Age 40
Gets within β±7.8-million at Age 60 with monthly healthcare/pension of β±65-thousand or yearly healthcare/pension of β±784-thousand
βΌοΈ10 years difference in Age but...
βΌοΈβ±12.5-million difference in Retirement, Pension and Healthcare benefits at Age 60
7 FACTS:
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Yes, we need healthcare the most during older years;
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But getting healthcare during older years is more expensive than getting it during younger years;
β
It's never guaranteed to be approved for healthcare coverage when we apply during older years;
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The younger applicant, with no critical health issues or serious medical history have bigger chances of getting approved;
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The younger you start, the more time for money to grow, thus bigger value and benefits in the later years, when you need money the most either for retirement, pension or healthcare purposes;
β
Healthcare is different from health insurance;
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Longterm care covers all medical related expenses even upon after maturity year, which includes assistance from caregivers, frequent check ups, therapist, private nurses, doctors visit, home care, not just hospitalization;
