South Carolina Business Review

The biggest concern of retirees today is healthcare costs

By Mike Switzer

Published March 24, 2026 at 6:30 AM EDT

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Noel Swain, certified financial planner with ProVest Wealth Advisors in Spartanburg, S.C.

For many years we have been hearing about a coming financial apocalypse: the stock market is crashing, Social Security is running out of money, inflation is making so much unaffordable, all causing a lot of worry for one group in particular: retirees. But our next guest says you might be surprised to find out what the real number one concern is for retirees. Mike Switzer interviews Noel Swain, a certified financial planner with ProVest Wealth Advisors in Spartanburg, SC.

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Mike Switzer

After almost 20 years, Mike Switzer retired from Wells Fargo Securities in 2001 as Senior Vice President/Investment Officer and Certified Portfolio Manager. In 1999, he and his wife, Maggie, purchased and operated for eight years the Baskin Robbins ice cream store on Forest Drive in Columbia. They grew the store from a bottom-tier operation in the Baskin Robbins franchise system to one in the top 5% nationwide within three years, tripling sales along the way. While operating the ice cream store, Mike and Maggie received patents for a portable ice cream sink and fold-down sneezeguard they invented and in 2002 started Magnolia Carts, an ice cream cart manufacturing company, which they sold in 2013.

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