Staying alive

Maintaining good health during our later years is often overlooked as a goal in retirement, even though staying alive for longer is desirable. As one ages, it becomes clear that wealth, health, strong relationships, and a sense of purpose are all interconnected. A well-organized and regularly reviewed financial plan can help with the first of these factors. The second can be strengthened through a healthy diet, exercise, and sleep habits. The third and fourth can be maintained through family, work, hobbies, creative pursuits, and community engagement.

We understand that ensuring our financial stability during our retirement years relies on having a well-thought-out plan and sticking to good financial habits. Similarly, maintaining good health requires a shift in mindset as much as in physical fitness. Healthy aging is not only about diet, exercise, and sleep but also about cultivating a positive outlook. Financial advisors know the compounding effect of maintaining good financial habits, and this principle applies equally to our health. Although medical advancements such as vaccines and antibiotics have improved our lifespans, it is also important to focus on our “health spans.”

As people live longer and healthier lives, the traditional notion of retirement is becoming less common. Instead, I am embracing the idea of a “multi-stage” life, where work is not necessarily a full-time commitment but something I can dip in and out of. Reflecting on what’s important to me in my later years is essential to achieve this.