Do not forget the things Medicare doesn’t cover. There are many healthcare issues, particularly long-term care, that Medicare simply leaves un-covered. As you prepare for retirement, make sure that you look into the kind of gap and long-term care insurance that will pay for this kind of care.
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Keep an emergency fund on hand in case you run into unexpected expenses. An emergency fund should be liquid — in an account that isn’t at risk of significant fluctuation like the stock market. The tradeoff is that the value of liquid cash can be eroded by inflation. But a high-interest account allows you to earn compound interest. Compare savings accounts from these banks.
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