The economy will likely be an even more significant deciding factor in the election, he added.
Marguerita Cheng, CEO of Blue Ocean Global Wealth, in Gaithersburg, MD said she is focused on the presidential healthcare debate because of the careful financial planning and budgeting she does for each client. “It doesn’t matter if clients are high net worth or mass affluent, they all have questions regarding healthcare and Medicare.”
Cheng said she hopes all advisors are working to help clients “realistically” plan for their healthcare costs before and during retirement.
“I’ve had people pay as much as $800 per month for health insurance premiums, even before age 65. This is part of the bigger conversation and numbers crunching we do. If healthcare costs are changing, we need to be on the front line with that,” Cheng added.