Suze Orman TwitterSuze Orman FacebookSuze Orman YouTubeSuze Orman LinkedIn
View Blog & News List

The Stealth Retirement Move That Can Save You a Bundle

September 15, 2016 at 12:00 AM

When it comes to planning for a secure retirement I bet you have the major strategies covered:

-Invest in your 401(k) or 403(b) up to point of the match? Check
-Save in a Roth IRA? Check
-Aim to have your mortgage paid off before you retire? Check
-Commit to getting plenty of exercise?

Bet that last one may not be on your retirement planning checklist. But it should be. You’ve heard me point out that 50% of today’s 65 year old women will still be alive at age 88 and 50% of today’s 65 year old men will still be living past age 85. But what so often gets lost in all the talk about increased longevity is the quality of life we all might have as we age.

And there’s no question that working out can help improve and maintain good health. Resistance training at the gym to keep your muscles toned is fabulous. And if you want to be a running/swimming/biking warrior, go for it. But if that just isn’t you-or the current you-please realize that long daily walks can do a ton of good too. Physical and mental.

Getting and staying fit in your 50s and 60s sets you up for remaining mobile, and potentially healthier in your 70s and beyond. Are there plenty of later-life illnesses that are beyond our control? Of course. But the point is to focus on what is in your control. Maintaining a healthy weight and healthy blood pressure can only help a later-life you live the life you want. It may mean being able to stay independent your entire life, or delay when you need to consider a different living arrangement.

And you better believe there is a financial angle to all of this. A married 65 year old couple with just typical prescription drug costs in retirement that wants to have a high confidence they will be able to handle their retirement medical expenses is projected to need nearly $150,000 less over their lifetime than a couple with very high prescription drug costs. I hope that’s ample motivation to get you moving a bit.

Tag Cloud

increased auto insurance premiumrent vs buyplanNew York Lifedoctor no longer in networkfinancial fearstake actionLTC shoppinggift grandchild IRA contributionno waiting periodwould you decline a bonusInvest for savings growthleave a legacybetter termsCommunication Skills credit reportget health insuranceprovider of financial supportbuy homeGiftLegal Guardianloan big picture let them have 50% controlhealthy retirement weightJose RodriguezPrime Rate Increasefocus on new truth television hostraise insurance deductiblepoint cost offset by savingsdental insurance standard deduction emotional stakesSatisfyingeliminate credit card debtstudent loan debtMoney-Savingnew carlife insurance name trust as beneficiarypaying for collegehigh down paymentRetirement IncomeBill and Pennyroth iraspeak new goalTeachPrime Rate Rise 2015Forbesmonthly dental insurance premiumhealthy youunder 18 financial giftSpendingidentity fraudCredit Card Rate Increase4 Must Have Documents reduce interest rateadult childrenAlarm Clockconsider roth 401(k)Bankcut monthly cable bill10 year repayment plan know before you owecompare provider pricingbe kind to yourselfFederal Stafford loanjuggle multiple financial goalssetup automatic savings withdrawreferrals heartache20 to 25 times annual incomeIRA contribution gifted moneytax ID theftCredit Card Interest Ratehome buying mistakeskeep a scheduleLTCi ASAPFinancial Solutions For Youbreakdown projected monthly housing costshort term goal co-sign money vowscharges on credit card2015 financial roadmappay high rate off firstiffy incomeget credit cardmanage student loansno retirement funds for down paymentpay down car loanfile taxes quicklyteens and moneyholiday spendingLifestylewomen outlive menhigh deductible health care planFederal ReserveAARP Social security calculatortraditional vs roth 401(k)Sandy Hook Elementary Schoolloved ones dependent on incomemarriage inequalityverify wellness screening and programsverify retirement plan with HR or plan sponsoroverspend on giftsretain separate credit cardsSuze Orman's Money WarsChanging Lives8 Ruleswomen longer life spansmall changes best loan deal credit card20 year level term One Wallet At A Timegay marriage ban end Florida Retirement SavingsStock InvestmentsMoneyno fee transferFree Debt EliminatorRevocable Truststrained relationshipwomen live longeryours, mine & oursdoctors in networkgraduationvalue moneyno private loanallowancepaid in fullwomen long term careincrease retirement contribution rate20% down paymentpresident Obamaretirement accountsHSA tax savingssave moneylearn good financial choicesnot gender specific back-to-school budgetSuze OrmanAshley Springerlong term careclosing costs 2% of loanMotherfraudulent returnbetter loan dealsadjust allocations credit utilization rateno splurge raising interest ratesone annual feeMust Have Documentshigh FICO scorepay more than minimumsecure creditFICO at least 720no negativityfiduciaryinitial tax break 401(k) Contributionsretirementfinancial independencesidelinedlower mortgage interestSchool of Social WorkinsuranceMoney MarketNewtownschedule vacationprotect dependent mental healthmeet monthly Interestdream schoolnon conventional route40% toward financial goalmortgageWillsummer job match income SelectQuote.comhigher monthly paymentHigh Credit Scoremortgage disclosureSwap Older Annuities or Life Insurance couple financesstudentadd teenprofessional advisorhealthy teethkids schedule paymentsdebtdepreciating asset is it necessary?social security never insolventHDHP physical healthage appropriate goalsemergency fund affordabilityallowance tasklower interest ratecollege graduatereduce monthly paymentSuze Orman Scholarshipfamily save at least $100 monthlyHoliday ShoppingSelfish15-year refinance dealNew american Dream commissionsexercise reguarlyPBS Specialcommitproperty taxjanuary billsAmericans don't use all paid vacation timelowest cost fund optionteensLTCmoney-aware childCombo Insurance ProductsFinancial Gift CliffDeath Benefitlong term goalstandard rateGay Couplesno sneaking in feespaid vacationreal estate mistakessocial workbudgetraising mortgage rates Personal Financeget over life insurance phobiaraise your deductibleprotect your familyultimate compounding giftprotect loved ones accelerate dental workfinancial aidLong Term Care shoppingHDHP's are good for youfinancial concernlow credit scorestudent loan repayment estimatorMarlo Thomasshorter payback periodSuze is my biggest mentorpermanent life insurancedon't blow tax refundInfluentialsdo not pay allowance for good behaviorVital Documentsincentives for health care wellness screeningquick closingLoveonly refinance if it paysdeath benefit needs for familydon't charge a pennyonly offered while employed buy down Citi Simplicity Card dental discount planborrow each year, capitalization is going to pile up Financial Educator2015 record year car salesdon't buy wantsMost Influential Celebrities Listdangerous money seasonearn allowanceemployer funding HSA2017 TaxesBaby Boomershome budget after tax costmortgage interest tax deductionFRAvalentines dayworst financial mistakebe true to yourselfpay interest while in schoolSuze changed my lifebuy home you can affordcar leasingtax refund fraudswitch to spouse coveragepush yourself to save more for retirement20% down payment avoid feesFinancial Systemnegotiate points with bank or sellerdon't defer interest paymentsopen enrollment review Cory BookerVeterinary SchoolSuze approvedlow mileage discountHeartdangerous retirement planGay Rightsbest interest of investorUniversity of Illinoislive below your meansshop online guaranteed level term policylong-term care home loan credit score below 740 Post-Divorceretirment savingsCPI-Wno interestannual cost of living adjustmentfederal student loan deferment save children under 18no life insurance financially irresponsiblestudent loan repaymentdebit cardincrease emergency savingsLong Term Care premiumsautomatic payment15 year mortgage3 savings buckets Financial Awareness Video Festivalback door Roth IRAHDHP/HSAWarner Bros Television GroupCNBC8 month emergency fundbalance transfer dental savings planOverspendingcontribution loan no longer than 36monthsstay positivehome insurancelower premiumlife insurancealternative FICO scorelow down paymentRoth 401(k)write new goalstore credit cardsoverspend on nights out10% donate to charitybig results overspend on dining outGiftsMass Mutualretirement planburn outdon't ignore open enrollmentschool Student DebtrefundHDHP's are not badno tax on withdrawlslower rate6 month waiting periodcnbc alarm clocksame-sex marriageFederal Funds Ratespring summer contribute household expenses derailed planbuying a carStudent Debt Crisisno late fee ignore 6 month grace period community collegemortgage brokerletter to suzekid borrow firstclosing disclosureCredit scoreapproved medical 100% tax-freeis it true? The Suze Orman ShowWall Streetrefinancechildren's bookhome buying budgetgift not loancomparison shoppingAuto Savings Young Adult don't do five year car loandon't extend mortgage Financial Power of Attorneyhome ownershiploan is gifthealthy retirement blood pressure8 month safety netresponsibleMortgage Credit Availability Indexstudent loan repayment planface your financial fearterm insuranceEric Dodge bad retirement planningFederal PLUS loanlow-cost index mutual fundthree year car loanSandy Hook PromiseCommencementraise deductiblesbest interest ratespublic service career student loan repayment AARPbetter loan ratesnot enough life insuranceemergency fund savingstaxes!00% tuition paidspecial saving accountpercentage men widowed 75-84FICO ScoreHow To Build Creditcar loanovercome financial fearsStudent Loantitle insuranceInfluential Celebrityloan necessitySave Us MoneyFinancial CliffMinor Children gift up to 14,000car buying mistakesbuying car 201630 year mortgage engaged in finances50 over 50age appropriate choresocial security not going broketeach importance of helping othersHolidayanticipated salaryARMhealthy aging ARM Cautiondeath benefit 20 to 25 times annual incomeUS Tax CodeFinancialautomate student loan paymentssavings pleasureclosing feesswitch to roth 401(k)one credit cardhome related tax break bonus same sex marriage band end Floridahigher insurance deductibledon't use allowance as bribemaintain standard of livingpercentage of women widowed 75-84identity theft19 years cash flow problemhome buying seasoncredit managementpay down student loan debtstaycationavoid burn outinsurance mistakerequired disclosurepeace of mindcostly legal costly insurance mistaketoo expensive schoolFundsterm life insuranceFinancial AwarenessTelepicturesmax employer matched 401(k) contributionprescription tierForbes Top 10waive home inspection bidreal estate marketincrease retirement savingsbill paying prioritiesRevocable Living Trustfinancing car don't derail retirement savingsForeclosurepremiumalways use all paid time offinterest on student loanslower overall drug costHoliday SeasonEmployer Matched Contributionsavingspowerfulmax employee matchwives should be involved in retirementlousy investmentStaffords this year have a fixed 6.8% interest ratebe good exampleGoodbyerequire chore in exchange for allowance740 credit scorefile asapresponsible with moneysuccessdon't spend high premiumspositivecalculate dependents annual income needssocial securitygrandchild summer job IRA contributionBeautyExhibitionfour steps to retirement savings public service loan forgiveness programunsubsidized Stafford loansuitableCD'sFixed Rate MortgageInflation Benefitinsurance yearly reviewteach your child good money habitshigh credit score discountcost of capitalization calculatordebt free2016 adjust withholdingEasy Life Insurance Pay Off Debt Before Retirementcompare monthly expensesadvice for college graduatesprotect and provide for minor child confidentinterest capitalization3% debt transferred affordable premiumcredit unionmarriage financial responsibilityhealthy gumsGraceDurable Power of Attorney for Health Carepay off debtmake saving a pleasurecan you afford itno apologycommunity bankcut monthly cellular billescrownear historic lowsmonthly benefit college student3 step financial road mapemployer offered life insuranceCOLAUrbana-Champaignritual schedulePhyllis Shelton expert long-term careFiscal Responsibilityreduce withholding2016 adjust estimated taxmultiple lendersFHA loan feesAccuQuote.comno private loansdear suzeETF'sunexpected expensefull retirement ageAdequate Auto and Home Insuranceat worst still pay 75% benefiteight month living expense focus on needsenjoy saving zero rate transfer dealsWashingtonpreexisting condition not coveredconfident of solutionlong-term care premiumsreplace permanent life insurance with termworkaholicsecured cardHigh FICO Score = Better Ratepay 100% cashFICO credit score credit card mortgageFinancial Advice401KCivil Rightsrollovercreate new truthConventional loan PMIpay credit debt ASAPAmy Lacyethousing marketis it necessaryearn more on savingsLong Term Care Insurance Final Goodbyebad decisionsmobile appuniversal college accessstretch out haircut appointmentsCollege of Veterinary Medicinedon't cover cosmetic dentistryfinancial argumentsUniversity of Floridabecome member repay student loansmax benefit covereditemized deductionSuze Orman spouse Kathy Travisautomatic withdraw to savings 3 bucket approach20% equityis it kind?highest possible benefitpurely financial standpointfinancial goal phraserising home pricesEmergency Savingsget the most out of social security origination feesBankruptcygrandparent IRA contribution Richdo you need life insuranceHDHP'sborrowing plan

View Blog & News List
People First. Then Money. Then Things.
Connect with me on Facebook Connect with me on YouTube Connect with me on Twitter
© 2017 Suze Orman Media Inc. All rights reserved.
 |  Search  |  Sitemap  |  Privacy  |  Terms
Sign Up For E-mail Offers
Open Panel
Close Panel