In a thought-provoking episode of Rev Up Health, Dr. Mark and Tandi Hechler welcomes financial planner Don Lueke MBA, CFP to explore a crucial connection often overlooked in our pursuit of well-being: the vital link between financial fitness and our healthspan – the period of our lives lived in good health. This isn’t just about accumulating wealth; it’s about strategically planning to fund a longer, more active, and fulfilling life.
The episode unpacks the concept that as we strive for increased lifespan, we must also consider our healthspan. Living longer is only truly beneficial if we have the physical and cognitive capacity to enjoy those extra years. And, as Don astutely points out, this extended period of active living requires financial resources. The discussion highlights how traditional financial planning often focuses solely on growing assets for later spending, potentially neglecting the significant impact of healthcare costs and the desire to fund an active retirement.
Listeners will gain valuable insights into practical strategies for integrating financial planning with their health goals. The conversation emphasizes the importance of:
- Connecting Lifespan and Healthspan: Understanding that a longer, healthier life requires proactive financial planning.
- Identifying Healthcare Costs: Recognizing and planning for the potential financial burdens of healthcare in later years.
- Defining Your Ideal Retirement: Envisioning not just the financial aspects of retirement, but also the desired lifestyle and activities.
- Strategic Income Planning: Developing plans to ensure a sustainable income stream throughout an extended healthspan.
- Risk Assessment: Understanding your financial risk tolerance and diversifying investments accordingly.
- Estate and Legacy Planning: Protecting your assets and considering the legacy you wish to leave, both financially and in terms of values.
This engaging episode underscores that financial fitness is not separate from physical well-being; they are intrinsically linked components of a holistic approach to a long and vibrant life. By proactively addressing both our financial and physical health, we empower ourselves to live our later years with greater security, freedom, and enjoyment.
Ready to connect the dots between your financial well-being and your healthspan? Tune in to this empowering episode of Rev Up Health to gain practical insights and actionable steps for a healthier and wealthier future!
Connect with Don here:
Don Lueke MBA, CFP
Heritage First Wealth Management and Legacy Planning
800 W. 47th St Suite 709
Kansas City, MO 64112.
816.931.0375 ofc