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If You Take Medication During Retirement, You Could Save On Prescription Costs

It’s no question that medical costs aren’t getting any lower…CNBC just reported that health care costs for retirees climbed to $285,000. [1]

They break it down by gender too.

A *healthy* man who is retiring at the age of 65 in 2019 can expect to spend $135,000 and a *healthy* female can expect to spend $150,000.

That’s a giant responsibility.

And it gets worse…

According to the Bureau of Labor and Statistics, the average 65+ household spends an average of $3,800 [2] a month through retirement.

For some seniors that’s barely enough to get by…

But for others that’s definitely not enough…

At this rate, men and women risk running out of money in retirement.

One of the smartest ways to boost your retirement income is simply by lowering your retirement costs.

And you can start now.

Medications aren’t cheap, so rather than paying a small fortune every time you walk in to your local pharmacy, there’s a way you might not have to pay as much.

You see, Wal-Mart has a huge selection of generic drugs for $4 for a 30-day supply.

Generics are just as effective as the brand name medications.

You see, the formula for prescription drugs is the same regardless of whether it’s a “name brand” or its generic counterpart.

That’s why buying “Advil” is the same as buying your drug store brand “Ibuprofen”.

 And they’re way cheaper too.

Now, it’s smart to check with your doctor (in fact, I encourage you to do that).  

But after he tells you generics work the same as brand name prescriptions, you could save thousands.  

Also, there’s no “membership fee” and you don’t need insurance to qualify.

Wal-Mart also has some great pharmacists who will happily answer any questions you have.

(I talk more about this on page 99 of my book, The Little Black Book of Income Secrets

Of course, this is just one of many strategies you can use to help you save money in retirement.

And a lot of people have been discovering these money-saving and income boosting secrets for themselves.

I’ve laid out 46 of my favorite strategies in my #1 best-selling book The Little Black Book of Income Secrets.

[1] https://www.cnbc.com/2019/04/02/health-care-costs-for-retirees-climb-to-285000.html 

[2] https://www.marketwatch.com/story/reality-check-what-the-average-retiree-spends-a-month-2018-06-05

Seven Figure Solutions and its representatives do not give investment, tax or legal advice. Past success is not indicative or a predictive of future gains. Not all the strategies work for everyone. Individual results will vary and depend on many factors, including eligibility for government programs and current income to name a few. As with all investments, the risk of loss exists and is not suitable for all investors.

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