Address these Aging Problems to Save Both Your Health and Wallet
Have you taken the time to address these aging problems today?
Your future may be at risk, even as early as today, if you haven’t included health and wealth problems in your retirement plan. Which is why, as part of our advocacy to help more people face the golden years with the best tools and mindset, we’d like to share some aging issues that you and more readers should be aware of.
Additionally, we’d like to also remind all of the importance of retirement essentials, such as insurance policies like Medicare Supplemental Plans (Medigap) and Long Term Care Insurance (LTCI). We hope that by identifying some of the most common age-related problems, you would be able to find out how beneficial insurance coverage is.
Let’s head on over to the first point!
According to WebMD, approximately three-fourths of individuals 60 years old and above are obese.
With unhealthy lifestyles and exposure to processed food choices, more baby boomers are at risk of gaining weight. Aside from the additional pounds, increased chances of being diagnosed with type 2 diabetes, gall bladder disease, high blood pressure and cardiovascular disease are expected.
Stay physical – get into an exercise regimen to fight back obesity. Healthy eating is also a must, with healthy fat intake from organic food as a top choice for meals.
Injuries caused by falls are costly, as reported by the Centers for Disease Control and Prevention (CDC).
A 2015 CDC report revealed that fall injuries amounted to $31 billion. With Osteoporosis as one of the primary causes of falls, boomers need to take extra caution to prevent these pesky and fatal accidents from happening.
Watch out for vices. Smoking cigarettes and drinking alcohol will only lead to bone deterioration. Also, calcium intake is highly recommended.
Regardless of which type of cancer, the risk of being diagnosed with this condition increases as one ages.
As one of the leading causes of death, lung cancer should be directly addressed as early as today. This disease far outnumbers breast cancer, colon cancer, and prostate cancer in fatalities.
We can’t stress it enough – stop smoking. Cigarettes will only harm you and your loved ones.
Eye and Ear Diseases
Vision and hearing deterioration is expected among boomers entering the retirement years. Aside from the sensory deprivation, loss of eye and ear usage may also lead to depression.
Consider regular eye and ear checkups. Hearing aids and eye treatments should be used if possible. Related to the smoking warning above (yes, this vice is also connected), smokers have been observed to have a higher chance of having macular degeneration (which may result in vision loss).
A silent killer, mental health is an aging problem that should be recognized by more people.
Memory loss may be associated with growing old, but don’t take chances for a checkup. Addressing dementia, such as Alzheimer’s disease, should be done as soon as possible. According to the Alzheimer’s Association, there are approximately 5.3 million individuals age 65 years and older living with Alzheimer’s in the country today.
Equip yourself with an LTCI plan to help pay for expected custodial services. Alzheimer’s may be untreatable, but it doesn’t mean that being diagnosed with the disease will lower your standard of life.
More boomers are isolating themselves from social contact, as revealed in a Time magazine article last year.
Perhaps it’s the loss of work or the literal confinement in a nursing home, but the feeling of loneliness can lead to more devastating conditions and scenarios. Without an active connection among other people, a boomer may resort to chemical or alcohol abuse, depression, or worst, entertain thoughts of death.
Reach out and connect with others. Keep tabs with friends, family, and loved ones during the twilight years. Consider making new friends to bond and share new memories with,
Lastly, an aging problem that should be addressed by more retirees is financial literacy.
As seen in an Insured Retirement Institute (IRI) study last year, only 55% of the boomer respondents were able to set aside money for their retirement. The lack of urgency in setting aside money (before and during retirement) will lead to more problems, financially and health-wise.
Purchasing a Medicare Supplemental Plan will help a boomer pay for the expensive out-of-pocket health care costs. It’ll also provide a boomer the confidence to access different health care options during retirement.
Address these aging problems to have the future that you desire. The insurance policy solutions mentioned above will also give you the safety net you need should a health or financial issue should occur. Also, by knowing some of the common issues, you can then come up with your own strategies to counter these problems and more.
Do you have other aging problems that should be addressed? Let us know below.
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