While planning for retirement, our clients often ask us what steps they should take to ensure a secure and reliable financial future as they grow older. The answer is simple, be proactive about your well-being. Just like saving for retirement, you must actively make an investment in your body when choosing healthy habits through all stages of life. According to Fidelity, the average 65-year- old couple will need $280,000 dollars for medical expenses during retirement, excluding long-term care. Generally, healthcare costs are one of the largest expenses in retirement, so being healthy can save you a bundle.
At Strong Gaddy Lee we make a commitment to practice what we preach. We aim to instill not only good wealth management habits, but also healthy habits throughout the office and even in our own homes. In late September, Shane Gaddy ran the Augusta Half Ironman, in October, Kelly Lee and Emily Gaddy ran a half marathon in Athens, Ga. (AthHalf), while Shane Gaddy and his daughter, Clare, ran together in the AthHalf 5k. The following month, Registered Client Associate, Carrie Wilson, ran her first half marathon in Savannah (Rock ’n Roll Half Marathon).
As we enter 2019, we encourage you to set healthy and realistic resolutions. You’ll be glad you did, and your wallet will thank you in the long run!