The Stacking Benjamins Show Stacking Health or Wealth? Your Retirement Dilemma (SB1586)
Oct 11, 2024
Join Jesse Cramer, host of 'The Best Interest Podcast', and Paula Pant, host of 'Afford Anything', as they dive into the classic dilemma of health versus wealth in retirement. They explore how financial planning intertwines with maintaining a healthy lifestyle, sharing personal anecdotes that bring humor to serious choices. Discover strategies for managing health expenses and the potential misuses of Health Savings Accounts (HSAs). Plus, get motivated with tips on balancing fitness with financial goals while enjoying some laughs about scooters and gym memberships!
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Healthy Life Expectancy vs. Life Expectancy
- Plan for declining health in retirement, not just life expectancy.
- Quality of life diminishes with age, impacting how you spend and enjoy retirement.
Declining Health and Retirement
- The author's parents' declining health led them to sell their RV and stop traveling.
- This illustrates how health issues can restrict activities and impact retirement plans.
Retirement Stages and Cognitive Health
- Retirement spending isn't uniform; "go-go" years require more funds than "no-go" years.
- Cognitive health is crucial for a rich retirement experience, even with physical limitations.