If you've seen Limitless on Disney+, you're probably familiar with Dr. Peter Attia, MD (if not, definitely check out the show). Peter, according to his website, "is the founder of Early Medical, a medical practice that applies the principles of Medicine 3.0 to patients with the goal of lengthening their lifespan and simultaneously improving their healthspan." In essence, he focuses on helping us improve our longevity. I've grown quite fond of Dr. Attia's principles for health and longevity over the last couple of years.
A new article of his, which I've linked below, unexpectedly triggered my financial planning alarms as I read it. Peter uses the 20th anniversary of the Columbia shuttle disaster as a lesson for the devastating outcomes we may face when we ignore problems. Peter states that his article "isn't to criticize NASA...but rather use the Day of Remembrance as an opportunity to evaluate how we approach problems in our own lives and as a society." He points out that ignoring or postponing "action for one's physical, social, or financial health may have irreversible consequences."
Unfortunately, we see this too often in our wealth management practice. For example, most Americans understand that the earlier we start saving for retirement, the better, but too often, we ignore the long-term goal for short-term gain. Planning for financial, health, and life events decades in the future can seem both overwhelming and opaque. However, we can assure you that addressing "small" financial challenges before they become "big" ones, being proactive with a financial plan, and working to avoid past financial missteps can set you on a solid financial footing for the future.
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