Insights Blog
The Intersection of Health and Wealth
Jun 19, 2023 // Adam Bruderly
A recent study conducted by Fidelity found that healthcare and medical expenses for a 65-year-old retiring in 2021 are expected to surpass $300,000 throughout retirement. This represents a 30% increase from a decade ago and a staggering 88% rise from twenty years ago. The majority of financial plans address this issue by suggesting that individuals save more or work longer. However, incorporating exercise and nutrition into one’s lifestyle is an often-overlooked recommendation and perhaps would have the greatest impact on both your finances and your health.
At Journey, we uphold the principles of Purpose-Based Planning, which involves considering all dimensions of our clients’ lives and acknowledging the importance of addressing each one of them. Our philosophy is rooted in the belief that the three foundational pillars of wellness, namely mental, financial, and physical, constitute the bedrock for the life we aspire to have. We are steadfast in our belief that integrating exercise and nutrition into our clients’ strategies should not be a novelty, but a necessity. One that leads to a more profound sense of well-being that will last for generations to come.
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When a liquidity event turns years of work into cash, the biggest risk is not the market. It is moving too quickly. The first 90 days should focus on control, not optimization. That means separating tax liabilities, avoiding rushed allocation decisions, and giving your financial structure time to catch up. The goal is not immediate precision. It is reducing the chance of irreversible mistakes while your new reality comes into focus.
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Diversification is one of the most widely used and often misunderstood concepts in investing. While it’s commonly associated with simply “not putting all your eggs in one basket,” the real benefit runs deeper. At its core, diversification helps reduce the impact of risks that are unique to individual investments, while allowing portfolios to capture broader market returns. Just as important, it helps smooth the experience of investing, making it easier to stay disciplined through periods of uncertainty. When investors understand both the theoretical and behavioral advantages, diversification becomes less of a rule of thumb and more of a foundational principle in building a resilient portfolio.