6 Tips for Keeping Your Retirement on Track at Age 50

5. Evaluate Your Health Care Coverage

Part of keeping your retirement plan on track involves preparing for big expenditures such as health care. In fact, health care can be one of the most expensive parts of retirement, says Mark Painter, founder of EverGuide Financial Group.

“Make sure you have your health care covered, both in terms of health insurance and also potentially long-term care,” says Painter. “You want to spend your money enjoying retirement and not simply paying medical expenses. It will be a lot cheaper to look at coverage at age 50 than when you are 65 or 70.”