This One Expense Is Breaking People’s Retirement

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Education, Retirement, Moneyadvice, Investing, Savingmoney, Personalfinance, Business

4.6 • 2.8K Ratings

🗓️ 17 September 2025

⏱️ 67 minutes

🔗️ Recording | iTunes | RSS

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Summary

Fidelity released their 24th annual Retiree Health Care Cost Estimate, which revealed that a 65-year-old retiring in 2025 can expect to spend an average of $172,500 in health care and medical expenses throughout retirement. We walk you through our thoughts on Fidelity's study and talk through how to financially plan for the retirement of your dreams. Then stick around as we answer your financial questions! Please note: this episode was recorded live on September 16, 2025. The Financial Mutant survey referenced is now closed! ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Jump start your journey with our FREE financial resources⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Reach your goals faster with our products⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Take the relationship to the next level: become a client⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Subscribe on YouTube for early access and go beyond the podcast⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Connect with us on social media for more content⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Bring confidence to your wealth building with simplified strategies from The Money Guy. Learn how to apply financial tactics that go beyond common sense and help you reach your money goals faster. Make your assets do the heavy lifting so you can quit worrying and start living a more fulfilled life. ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠NordVPN.com/MONEYGUY⁠⁠⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This episode is presented by eBay.
0:03.8	Rob, everyone loves a deal and a bargain from time to time, don't they? Absolutely, mate. And do you know where you can grab a great deal? Talk to me. Where? The eBay app. Yes, you are correct. You didn't need to talk to me. I already knew it. I love eBay. When you're buying, you can discover loads of hidden gems. there's so many items where you think I would have never found that anywhere else.
0:23.7	Then when you're buying, you can discover loads of hidden gems. There's so many items where you think I would have never found that anywhere else. Then when you're selling, it's so simple and most
0:25.9	importantly, free. It's free, Rob. When it's this easy to sell for free and there's great deals
0:31.6	on things you love. You can't help but say when it's eBay. It excludes vehicles and business
0:35.9	sellers.
0:44.6	Race the rudder. Raise the sales. Raise the sales. Captain and unidentified chip approaching.
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0:56.6	not professional sailors. With LinkedIn ads, you can target the right people by industry, job title, and more.
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1:06.6	Go to LinkedIn.com slash lead to claim your offer.
1:07.8	Terms and conditions apply.
1:18.2	This one expense is breaking people's retirement.
1:24.1	Brian, I am so excited to talk about this because I think so often people don't think about this.
1:25.1	They don't plan for it.
1:26.1	They don't take it in consideration.
1:28.8	And this expense can be a huge part of how much you spend when you actually retire. Oh, I think they think about it. It's just
1:33.4	they think about it at the wrong time. So that's what we're hopefully going to be able to put the
1:37.5	train back on the tracks so you don't fall into this trap for your own retirement. So we found
1:44.1	that 63% of Americans, this is
1:47.1	according to eHealth, 63% of Americans age 60 to 70s say that health care costs are their top
	...

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