When we think about retirement planning, we usually focus on the obvious: money. Maximizing contributions. Minimizing taxes. Diversifying accounts and assets. But even the best financial planning can be undermined by the unexpected – in fact, the most common cause of bankruptcy in the U.S. is medical debt. So, how can you stay healthy now to avoid financial challenges due to medical issues later?
Whether it’s staying up to date on your annual check-ups, maintaining a healthy body weight, avoiding tobacco products or implementing self-help care to keep stress in check, it’s always financially beneficial to prevent physical ailments before they start or catch them in the early stages. Resist the urge to ride it out and skip the doctor if you’re feeling under the weather or noticing something ongoing that’s not normal. All these preventative measures need to be taken seriously, starting now, so you can significantly lower your odds of becoming sick during retirement.
Not only will this help you keep current medical expenses low so you have more to contribute to your retirement accounts, it also makes it more likely that you’ll enter retirement healthy. And doesn’t everyone want to feel good in retirement so they can enjoy their golden years? Certainly!
So, make it a priority to stay healthy, and if I can help in any way, let’s connect.
Focus on Health Now – Retire Better Later
December 18, 2020|