Your legacy and your retirement budget may be significantly impacted by the medical bills and possible long-term care expenses that you may face during the latter portion of your life.
While there is a certain level of kismet involved, it is important to recognize the fact that statistically speaking your actions have a lot to do with your future health care expenses.
The Centers for Disease Control and Prevention tell us that some 70% of the deaths that take place in the United States annually are caused by what are termed chronic illnesses. The bulk of the health care expenses that are incurred by Americans are used to pay for treatment that becomes necessary as a result of these types of ailments.
But in fact, chronic diseases are largely preventable by staying within range of your ideal weight, eating a healthy diet, exercising regularly, and choosing not to smoke.
Everyone is aware of the fact that taking care of yourself has various benefits. But a lot of people never connect the dots between their lifestyle choices and their check books, and this is something to keep in mind if you are concerned about your long-term financial situation.
Everything is connected and you have a lot of control with regard to your future quality of life. If you work alongside a good Somerset County estate planning lawyer to create an intelligent financial plan while making sound lifestyle choices you should be able to enjoy a long and robust retirement free of the burden of enormous health care expenses.
- Updating Your Plan: Powers of Attorney - July 22, 2021
- Updating Your Plan: Your Trust or Will - July 22, 2021
- Will Medicaid Pay My Child for Providing Care? - July 2, 2021
