Approximately one-quarter or your retirement expenses will be spent on healthcare so individuals need to save and invest accordingly, says Douglas Wolford, President of Convergent Wealth Advisors. Wolford says one idea is to start shopping early for a concierge doctor or an Accountable Care Organization (ACO). He also suggests procuring long term care insurance well before you need it. Finally, Wolford advocates keeping up with changes in health laws and practicing preventive medicine.
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