My mother and stepfather worked hard throughout their lives to accumulate enough assets for a comfortable retirement. They wanted to go anywhere and do whatever they wanted, whenever they wanted.
Fast forward to today, and a significant amount of time and money is spent on health care needs during retirement. Both men had several chronic illnesses, but many of their current health issues can be traced back to lack of exercise in their 60s and 70s. A lack of physical strength and stamina combined with a sedentary lifestyle eventually led to my father-in-law's serious health conditions, forcing him to retire early and sell his business unexpectedly. These major life changes are often financially devastating. Fortunately, their finances were stable enough to handle these surprises, but their current health conditions prevent them from enjoying their dream retirement.
