Medicare is in much worse financial shape than Social Security. So if you think Social Security benefits are going to decline 24%, then to be consistent you should assume Medicare benefits will decline about 50%. In other words, count on spending an extra $20,000 - $25,000 per year for the two of you in health insurance while retired.2. Retirement Spending - ~$150,000 - $165,000 annual, adjusting that as needed. That includes taxes and healthcare.
3. Social Security – Using the Open Social Security tool, current plan is for spouse to collect at age 62, and for me at age 70. Because of “early” retirement and modeling a 24% reduction in benefits estimate due to the uncertain future of SS, ... .
Appreciate all responses.
BobK
Statistics: Posted by bobcat2 — Sun Jan 11, 2026 9:28 am — Replies 4 — Views 278