It is certainly wise to accumulate financial resources as you are preparing for your retirement years and the twilight years that will follow. You want to be able to pay your bills and have the funds available that you will need to do all the things that you have always planned to do when your time becomes your own.
At the same time, you have a lot of control over just how large your future bills are going to wind up being. The majority of money that is spent on health care is utilized to pay for the treatment of chronic diseases such as heart disease, diabetes, stroke, and cancer. These are the primary killers that we face, and some 70% of people who pass away are stricken by one of these illnesses.
There are those who think that whether or not you get sick is a matter of fate and there is nothing that can be done about it. In reality, chronic illnesses are largely preventable. This is not universally true, and there are those who fall ill who did in fact lead healthy lives. But unwise lifestyle choices are at the core of a great many chronic illnesses.
If you are concerned about having the resources that you need to pay medical bills late in your life, you can go a long way toward reducing them by making positive lifestyle choices along the way. If you do this while working with a good Oklahoma City retirement planning lawyer to keep your financial house in order you should be able to enjoy your golden years to the fullest.
Author, President and Founding Attorney
Parman & Easterday
- Own Property Out of State? You Need a Living Trust - October 21, 2021
- Three Misconceptions That Lead to Estate Plan Mistakes - October 19, 2021
- Your Original Estate Plan May Not Be the Final Version - October 14, 2021