Retirement Tips – Is There a Downside to Good Health?

Healthy, Wealthy and Wise – Two Out of Three isn’t So Bad?!?

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Apparently, good health actually costs more than being sick.

Researchers at Boston College’s Center for Retirement Research find that the lifetime health care costs of healthy retirees are higher than those of sick retirees.

While counterintuitive, the reasons the healthy incur higher health care costs than sick people are:

  1. Living longer means health care costs over more years.
  2. Even if you are healthy now, most everyone eventually succumbs to a chronic disease.
  3. Those in healthy households face a higher lifetime risk of requiring nursing home or long-term care than the unhealthy.

Whether you consider yourself healthy or not, the reality for everyone is that Health and Long Term Care costs are a significant retirement expense.

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