A 65-year-old, healthy couple can expect to spend $266,600 over the course of their retirement on Medicare premiums alone, according to HealthView Services. An estimate from Fidelity is a little less: $245,000. Neither estimates include out-of-pocket expenses or long-term care costs. (Link)
The nation’s healthcare tab in 2016 surpassed $10,000 per person for the first time… (Link)
Assisted living facility or nursing home costs currently range from an average of $3,600 to $7,700 per month. (Link)
That’s a lot of freakin money! I don’t know about you, but I’d like to live for a bit of time once I retire. I want to be able to take care of myself, and move around at 80 years old as freely as I do now at 36. I’d also like to spend the money I worked really hard for on things I’ll enjoy, not long-term healthcare.
Long-range planning for retirement is a lot like running. Smart, consistent, and incremental work over time is the best way to yield positive results. One of the most overlooked ways to plan for a successful and enjoyable retirement is to stay on top of your health.
Running is one of the most cost-effective ways to improve and/or maintain your health. All you need is the right pair of shoes and some motivation. You also need to know what you’re doing, so that you don’t end up hurting yourself and ADDING to those healthcare cost numbers mentioned above. That’s where a coach can prove to be a valuable, long-term investment, just like a financial advisor can be valuable to your monetary retirement investments. Spending a couple hundred dollars to learn about how to keep fit by running, stretching, and strengthening the right way now could save tens of thousands in healthcare costs down the road.
There are many coaching options out there as far as running is concerned. If you’ve decided to finally take the plunge and hire a coach, I encourage you to ask lots of questions in an effort to find a coach that matches your expectations and personality. Maybe I’m that coach. Maybe not. Either way, making the investment in an expert to teach you the specifics of running will prove worthwhile in terms of your overall health!