It’s not difficult to come up with compelling reasons for living healthier once you hit your boomer years. Consider the cost of medical procedures, the financial and emotional drain on your family members, and the income that will be lost recuperating from poor health. Your physical and emotional health are often overlooked as factors in your ability to generate income.
As you get older this becomes even more of an issue, which is why factoring in your health is a mature and prudent addition to any assessment of your financial well-being. You’re not going to live forever, but that doesn’t mean you can’t feel forever young. Do this by infusing fresh perspectives and practices into your lifestyle.
Invest time and money into an exercise regiment. Hot yoga is fast becoming a favorite among boomers, as it combines cardiovascular, joint, muscle, and psychological benefits, all without the wear and tear of traditional rigorous forms of exercise. Hot yoga loosens your muscles and the moving meditation and breathing exercises focuses your mind and prepares you for the challenges of the day and reality of progressing into the prime of your life.
Your health is just as important, if not more so, than your finances. A healthy person stands to save tens of thousands of dollars in medical bills, as well as an enhanced quality of life.
Familiarize yourself with online information. Start exploring the financial and health information that’s out there on social media sites. Twitter, for example, features any number of tweet feeds for financial and medical institutions, which offer info on a new service or rate such as the Green Dot credit card or new plans offered by Kaiser Permanente. Additionally, social media is a great way for boomers to network with old and new friends and adapt to one of the newer paradigms in society.
Look for ways to stay positive about your financial future. Your retirement savings exists to buffer you as you transition into your senior years. That doesn’t mean you have to view yourself as worthless on the job market. Many retirees continue to work well into their 70s because they feel it gives them balance, social connections, and confidence in their abilities. Others need to for financial reason.s Stay active, productive, and entrepreneurial in your boomer years.
Many baby boomers are finding that their financial portfolios may not carry them as far in their retirements as they originally thought. Many have gone back to work or are prolonging their careers before retirement. That’s okay. In fact, in combination with the tips above, this may actually be a positive thing.
This is a guest post by A. Green.