The Best Years of Life: Enjoying Retirement with a Chronic Condition

Sam Bowman

You’ve been looking forward to retirement for pretty much your entire life. You have dreampt of the day when you could finally leave the rat race. You’ve longed for the time when you could finally spend your days doing what you love with the people you love.

But now you are facing a chronic health condition, and you fear that your dreams for the retirement you deserve are evaporating. Your diagnosis, however, doesn’t have to deprive you of the post-retirement life you have been dreaming of. The life you’ve been working for. The life you deserve.

This article will show you how to live your best retirement life, even when you are living with a chronic health condition.

Monitor Your Financial Health

One of the most significant challenges facing anyone preparing for or in retirement is ensuring their long-term financial well-being. It’s difficult to predict exactly how much money you will need to maintain the lifestyle you want during retirement. In fact, our estimates are usually far short the reality.

And when you are facing a medical diagnosis, the challenge can be especially acute. It’s difficult, if not impossible, to anticipate how a chronic health condition will impact your finances across the long term. That’s why it’s especially important to have a robust nest egg ready and waiting for you and your family when you need it.

Many people who are hoping to retire early are using the FIRE technique of strategic investment to help them quickly grow their retirement savings. If you have a chronic health condition, the ability to ramp up your financial reserves can make all the difference not only in when you retire but also in the quality of the life you live after retirement.

Fighting for Your Rights

If you have been diagnosed with a chronic medical condition, there are certain rights and benefits that you are entitled to. This can include everything from financial assistance for people with particular types of physical or cognitive impairments to protections against discrimination in housing.

The nature of your condition itself might also qualify you for additional benefits and protections. For example, many workers are now suffering from chronic and sometimes life-threatening illnesses due to asbestos exposure in the workplace. This can entitle you to financial settlements to support your care and offer some measure of compensation for the health affects you are suffering.

What all this boils down to is knowing your legal rights and enlisting help, including legal support, when you need it. This way, you can ensure that you have the resources you need and deserve to live the kind of retirement you want.

Practicing Prevention

When you are facing a chronic illness, by definition you are going to be more vulnerable to infections. And the last thing you want is for your glorious retirement plans to be sidelined by illnesses that could have been prevented.

If the recent pandemic has taught us anything, after all, it’s the crucial importance of meticulous hygiene. So, to live your perfect retirement life in the face of chronic illness, make sure to make rigorous sanitizing and frequent handwashing a part of your daily routine.

Shaking Things Up!

One of the best ways to live your ideal retirement life is to break out of your comfort zone. True, your diagnosis may have altered your plans a bit, but that doesn’t mean you can’t make new and even better ones.

So perhaps you can’t spend your days perfecting your golf swing, as you’d planned. But you can get out on the beach with a metal detector and go about finding some hidden treasure — or at least a little bit of coin!

And while you might not be up to hiking the Appalachian Trail or hopping trains across Europe as you had once envisioned your dream retirement to be, you can still enjoy some international flavor closer to home.

For instance, you might just decide to head to the high deserts of Mexico for a once-in-a-lifetime tour of the “Golden triangle of tequila-making.” And if your visit to Mexico has you yearning to stay for a while, then you have a ton of great options for making your new retirement fantasy a reality.

La Pueblita Retirement Community, for example, offers a beautiful community in a breathtaking setting. Best of all, the Community provides all-inclusive services, from medical care to aging-in-place support. And that means that your health condition isn’t going to stop you from living out your retirement in style!

The Takeaway

Living with a chronic health condition isn’t easy, but it’s even worse when your diagnosis jeopardizes the retirement dreams you have been working toward for decades. Thankfully, it is still possible to live an ideal retirement, even when you are confronted with a chronic health challenge. The most important thing is to know your rights and seek support when needed, focus on your financial goals and needs, practice sound preventative health, and don’t be afraid to think outside the box!

About Retire Early Lifestyle

Billy and Akaisha Kaderli retired three decades ago at the age of 38 and began traveling the world. As recognized retirement experts and internationally published authors on topics of finance and world travel, they have been interviewed about retirement issues by The Wall Street Journal, Kiplinger's Personal Finance Magazine, The Motley Fool Rule Your Retirement newsletter, nationally syndicated radio talk shows and countless newspapers and TV shows nationally and worldwide. They wrote the popular books The Adventurer's Guide to Early Retirement (Your Simple Path to FIRE) and Your Retirement Dream IS Possible.
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