How to prepare for the health care costs of retirement

Health care expenses tend to skyrocket during retirement. And yet many retirees — and those saving for retirement — fail to plan for them.

Ben Storey, head of retirement research at Bank of America, knows this problem well. Fortunately, he says, financial advisors can help.

In a lively conversation on Arizent's Leaders Forum, Storey spoke about the many ways wealth managers can get their clients ready for the medical costs of their future. The discussion takes a deep dive into a wide range of topics, from Medicare to health savings accounts to preretirement "checklists."

Watch our conversation here. And check out other Leaders Forum discussions in which FP editors and reporters lead conversations with wealth management leaders.

And for more on the Medicare maze — and how advisors can guide their clients through it — read "The financial advisor's guide to Medicare," covering many of the same tricky questions and expert tips that Storey talked about.