Tuesday, August 21, 2012

Are you physically preparing for retirement?

I love this quote

Are you physically preparing for retirement?

If not, it can cost you a ton of money.


Most people know that it is a great idea to financially prepare for retirement. They also know that the earlier they start, the easier it is to build a bigger nest egg.

The same rules apply to being physically prepared for retirement.  The earlier you start, the better. When people picture their retirement, they picture being able to enjoy the freedom to do things like travel, visit friends and enjoy the freedom they deserve. Unfortunately, most people will have too many physical challenges to enjoy retirement like they should.

I don't consider this normal aging, and neither should you!

According to Genworth Financial, nearly two-thirds of people over age 65 will need long term care at home or through adult day health care, or care in an assisted living facility or nursing home.
 

No one pictures this happening to them. What are you doing to minimize the chances that it happens to you? 

Look at the current cost of this long term care. It cost my father around $7000.00 per month or $84,000 per year to live in his private room at the nursing home for the last 18 months of his life. (Annual cost in Illinois average from $16900 for adult day care to $69,350 for a private room in a nursing home. If you really want to be scared you can calculate how much this will cost in the future. 

It is much cheaper to work on your physical abilities before you lose them than to require long term care  

Having worked with clients as old as ninety-five, I have become an expert at what happens to our bodies due to aging and the lack of properly maintaining them.  

How many people work on their ability to extend and rotate their thoracic vertebrae? How many of us work on the ability to squat deep enough to move our knees between our hips? Even though I am fifty years old, I am already working on being able to physically handle the challenges that aging will give me.

 
What are you doing to prepare for your physical challenges due to aging?

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