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The Wealth Health Connection

As a Certified Financial Planner ®, I often discuss the importance of  planning for health care expenses in retirement.  What I overlooked, until now, was how important having good health in retirement is to many and the connection between wealth and health.  New research from Transamerica indicates that a majority of investors place a high value on health in retirement and whether or not a financial professional factors health and health care expenses in a financial plan.  In research conducted by Luntz Global Partners, 81% of respondents said considering health and health care expenses would be “very valuable” in building a financial strategy.  When asked what is most essential to their financial future besides money, health was the most popular response.

It should not be a surprise that health and wealth go hand in hand.  Other research from Transamerica and its partners the Massachusetts Institute of Technology AgeLab and the Stanford Center on Longevity indicates that financial security leads to a higher quality of life and better health.  Savers are more likely to engage in healthy lifestyles. People that exercise at least twenty minutes a day experience lower health care costs.

Helping people make the connection between health and wealth should be one of the first steps financial professionals make.  Joseph Coughlin, director of the MIT AgeLab believes  “comprehensively planning around all dimensions of quality living in older age is the new retirement planning”.


INVEST is not affiliated with other entities named herein.





About LPL Financial
LPL Financial (Nasdaq: LPLA) was founded on the principle that the firm should work for the advisor, and not the other way around. Today, LPL is a leader in the markets we serve,* supporting nearly 20,000 financial advisors, and approximately 800 institution based investment programs and 500 independent RIA firms nationwide. We are steadfast in our commitment to the advisor-centered model and the belief that Americans deserve access to personalized guidance from a financial advisor. At LPL, independence means that advisors have the freedom they deserve to choose the business model, services, and technology resources that allow them to run their perfect practice. And they have the freedom to manage their client relationships, because they know their clients best. Simply put, we take care of our advisors, so they can take care of their clients

*Top RIA custodian (Cerulli Associates, 2020 U.S. RIA Marketplace Report); No. 1 Independent Broker-Dealer in the U.S (Based on total revenues, Financial Planning magazine 1996-2021); No. 1 provider of third-party brokerage services to banks and credit unions (2020-2021 Kehrer Bielan Research & Consulting Annual TPM Report); Fortune 400 Company as of June 2021. LPL and its affiliated companies provide financial services only from the United States.

Jones & Company and LPL Financial are separate companies.

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