There are some things that are out of your control when it comes to your financial health. It is possible that your income can fluctuate due to no fault of your own, and of course there are market factors that come into play.
But at the same time, there are some things that are well within your control and you should take advantage of them to the utmost if you want to be financially secure and eventually leave a robust legacy.
Some of these are rather obvious such as creating a cogent long-term financial plan and sticking to it over the long haul. But another thing to consider would be the extent to which you have control over your future medical expenses.
It is not your doctor’s responsibility to keep you healthy. Yes, if you fall ill your physician will do everything possible to help you. However, chronic illnesses are preventable for the most part, and the way that you live your life is going to have a lot to do with the health care expenses that you may face as a senior citizen.
Obesity, smoking, lack of exercise, and a poor diet are all contributors to chronic diseases, and these diseases are responsible for seven out of every 10 deaths and a very large portion of the health care expenditures of Americans. Clearly, you have some control and you would do well to exercise it intelligently.
If you make wise lifestyle decisions and stick to a cogent financial plan you should be able to step into different phases of life comfortably. Should you be interested in mapping out a comprehensive strategy for aging, don’t hesitate to pick up the phone to arrange for a consultation with a good Hartford retirement planning attorney.
- 2023 Caring.com Survey Reveals Widespread Estate Planning Unpreparedness - May 18, 2023
- Secrets and Intrigue: A Look at Five Unusual Trusts - May 2, 2023
- Are Living Trust Distributions Taxable? - April 13, 2023