1. Save More Along The Way
According to the News-Times of Twin Falls, ID, being healthy while you save for retirement can actually help you put away more into your investments.
First, it’s less expensive to live a healthier lifestyle. You can save money on everything from doctor’s visits to prescriptions and even to healthcare insurance premiums. (Even more pronounced if you have a Health Saving Account—ask your financial advisor about this.)
And, that’s extra money you’re not living on and so can earmark it for retirement without feeling the squeeze on your current lifestyle. Remember that a penny saved can actually end up being worth considerably more than just a penny earned.
2. Spend Less WHILE You’re Retired
If you’re in better health, your healthcare costs should be lower while you’re retired. People who have some retirement saved up will still be eligible for greatly reduced Medicare premium coverage.
However, with National Healthcare Expenditures by the government increasing at twice the rate of inflation, money to pay for it all will need to come from somewhere. Considering the expected spending trend, higher premiums are likely over time.
3. You’ll Enjoy Retirement More
This is so obvious, it took Billy Joel to point it out.
If your new freedom from your work schedule is taken up by sitting around and worrying about chronic diseases, it won’t be much fun. Would you rather take a trail hike or sit in a doctor’s waiting room?
Of course there there are diseases that can crop up no matter how much kale you eat. And this is why you should have room in your retirement planning for those events as well.
Find Out How To Get In Better Shape
There are lots of common-sense healthy programs online for you to follow. Whichever one you decide to follow, run it past your doctor first. Then, hopefully as you’re able to save more money, talk to your trusted financial advisor about where it should go.