Everyone knows that regular exercise can improve your physical well-being, but a recent study shows that staying active can also improve your financial well-being. The study, carried out by the American Heart Association, indicates that regular exercise can help keep medical costs down. Medical costs are a major expense for many, especially those in retirement. According to an analysis by HealthView Services, a 65-year old couple retiring in 2017 will need an estimated $400,000 to cover their total health care costs in retirement. To add insult to injury, these costs have been rising at a faster rate than overall inflation and are expected to continue on this trend.
Participants in the study who exercised at recommended levels had significantly lower health care related costs on average than those who did not exercise. Recommended exercise is defined as at least 30 minutes of moderate aerobic activity 5 days a week (for example, speed-walking), or at least 25 minutes of vigorous aerobic activity 3 days a week (for example, running or swimming). Participants with heart disease who exercised at recommended levels saved $2,500 per year on average on medical costs while participants who were already healthy saved $500 per year on average.
If you have trouble sticking to an exercise regimen, keep in mind that exercising can improve your financial health and help you achieve your retirement goals.
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