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Retirement Planning Tips: Learn the 8 Steps to Health and Wealth

Posted by: Lisa Nichols | Mar 20,2008

In the book “Fiscal Fitness: Eight Steps to Health and Wealth,” Jack LaLanne and Matthew Rettick provide tips for retirees and people planning for retirement. Jack LaLanne, the “Godfather of Fitness,” is known for physical fitness feats like swimming from Alcatraz to Fisherman’s Wharf in San Francisco, California while handcuffed. Matthew Rettick is an investment advisor who provides financial advice to retirees and pre-retirees. The two combined their talents for the book “Fiscal Fitness,” offering retirement planning tips to stay healthy- and wealthy.

 

Planning for Retirement Means Thinking about Your Financial Future

 

The retirement planning tips outlined in “Fiscal Fitness” are needed, say the authors, because more than half of all senior citizens have less than $5,000 in assets. And few people (less than 20%) have enough assets to pay for three years in a nursing home. The statistics aren’t promising, and speak to the importance of kids talking to their parents about their plans for retirement. The book recommends buying long-term care insurance to help pay for some of the costs associated with nursing homes.

 

Fiscal Fitness Tips Include Eating Right and Exercising

 

Jack LaLanne’s book explains that eating and right and exercising can help retirees save on expensive medical costs and the costs for long-term care. “Fiscal Fitness” includes tips for easy exercises to help stay in shape. Jack LaLanne’s fitness advice strongly influenced the book’s co-author, who has lost weight since the two started collaborating. And Jack LaLanne at 93 continues to embrace a healthy, active lifestyle.

 

Apply for Home Equity Loans to Help Ease Financial Burdens

 

Apply for home equity loans to help ease the financial stress of retirement, says Rettick. The “Fiscal Fitness” book stresses the practicality of using a reverse mortgage to get money needed to pay for the costs of long-term care or to supplement retirement income. Retirees can apply for a home equity loan or a reverse mortgage to get the extra money they need to get by. Matthew Rettick and Jack LaLanne’s book includes tips that stress that the equity cash available in a home is available as a loan that homeowners can use any way they see fit to help them plan for retirement. 

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