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Health Inflation Crushes Retirement Dreams

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How do you protect wealth and future income from the thief we know as inflation? But Health Inflation is like a forest fire that steals home, health, and your last dollar. Here are resources and discussions to help protect your resources and your lifestyle for whatever the future may bring. >>> See more also at Amazon, "A Lifetime Of Wealth -- And How Not To Lose It"

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Health Inflation Crushes Retirement Dreams

  1. 1. Health Inflation Can Crush Retirement Dreams Brian Weatherdon MA, CFP, CLU, CPCA Author, Speaker, Financial Planner. Aligning your Wealth & Life to overcome fears and secure your income, lifestyle, & comfort to age 105
  2. 2. Biggest financial crisis of 100 years • We know inflation near 2% will reach higher in years ahead. We even remember inflation at 9% or more. But do you know what inflation rate has been >10% /year for over 20 years? • Say you sold a business today for $3Million, or inherited or won that much, or got a pension worth that much. What happens when illness hits a family and triggers massive & increasing health costs?
  3. 3. What can we eat if inflation eats first • Tame at 2%, health inflation exceeds 10% • Having $3Million today, within 15 years –2% inflation steals 25% even if you spent nothing. –10% inflation steals 80% even spending nothing. • We might stay well to age 95. There’s no guarantee. Illness and frailty result in high and rising health costs. How will we be safe?
  4. 4. No ignoring Health Inflation: • Health spending on average rises 10-fold between our age 65 and age 80. • “...the number of older people will grow faster than younger ones almost everywhere in the world” * • “According to the IMF, the toll of aging on G20 nations will be 10 times that of the (2008) financial crisis.” * * Edward Yardeni, The Globe and Mail, July 2009*
  5. 5. How can you manage inflation? • Five types of investment help reduce risks of inflation and personal health costs. Consider investments & insurances to reduce your risk and replace/protect your spending. • Life Income Mandates is a process to align life and wealth, insulating against inflation and building in new layers of income. • See, subscribe, share comments: http://www.guaranteedincome4life.ca/blog/life-income-mandates/
  6. 6. Always assume ...it will be us. • Illness & frailty hit singles and couples. Which is worse? Single and having to pay for help? Or being a spouse fatiguing in her/his part of $5Billion/year value of unpaid healthcare? • Life Horizons Analysis shows how to survive and thrive amid challenges of early, middle, later years. Match this with slide #5. See, subscribe, share comments: http://www.guaranteedincome4life.ca/blog/life-horizons-analysis- assuring-income-life/
  7. 7. Key questions to consider • Did inflation hit our lives or families before? What was it like when core inflation was 9%? • What happened when baby boomers wanted houses, or stocks? Costs rocketed! Aging boomers will need health care? What then? • Have we built inflation-protection into our financial planning? How so? & how safely?
  8. 8. Resources to secure wealth & life: • Share in the wider discussion at www.GuaranteedIncome4Life.ca • Get 5-star book, Amazon/Kindle/bookstores: “A Lifetime Of Wealth – And How Not To Lose It” http://www.amazon.com/Lifetime-Wealth-how-not-lose/dp/1489579540/ref=sr_1_1? ie=UTF8&qid=1380311791&sr=8-1&keywords=a+lifetime+of+wealth+-- +and+how+not+to+lose+it • Visit www.ALifetimeOfWealth.info

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