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Why retirement planning needs to include personal health as well

People aren't taking care of their health prior to retirement, nor saving enough money to pay for health care in retirement -- but some simple actions can help.

By Marlene Y. Satter | Updated on June 23, 2017
People aren't taking care of their health prior to retirement -- but some simple actions can help, such as quitting smoking. (Photo: AP)

Even though most people are looking forward to an active retirement—whether that encompasses travel, time spent with family or on hobbies or actually a retirement that includes another job—a report on the global retirement situation says they’re just not doing enough to make that happen.

The Transamerica Center for Retirement Studies’ report “Successful Retirement: Healthy Aging and Financial Security,” issued in collaboration with Aegon Center for Longevity and Retirement and Instituto de Longevidade Mongeral Aegon, says that the growing need for people to self-fund more of their medical care in retirement and their lack of savings even for the basic needs in retirement can threaten any plans they may have.

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