This GoBankingRates article by Kerra Bolton, covers habits associated with our health that could help improve medical expenses during retirement. Bolton leaned on Aspyre Chief Wealth Advisor Jessi Chadd CFP® for often overlooked ways our health can cost us during retirement.
Health Habits
“Often heart health and similar issues are genetic conditions, but our behavioral choices can help slow down the genetic impact,” Chadd said. “I see people who did not prioritize movement and healthy eating in their 40s and 50s really struggle in their retirement years.”
Chadd also mentions expensive medical procedures to reverse prior damage, dental fixes and muscle and bone treatments as additional costs she sees retired clients paying.
“It can prevent us from doing the things we had looked forward to in retirement,” Chadd said. “We should think about our health the way we think about our 401(k)s by asking, ‘what contributions can I make today to set myself up to do well in retirement.”
Remember to discuss your health situation with your financial advisor to help ensure you are prepared for future medical expenses.
Read the full article on GoBankingRates here.
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