How are health-related challenges, including chronic diseases, impacting quality of life in retirement?

In this thought-provoking episode of The Wave Strength, Pacific Life’s Dr. Qi Sun and Jim Breen discuss the latest issue of Qi’s newsletter: Hidden Hurdle to The Golden Age: The Financial Impact of Chronic Disease on Older Americans. Qi explains how multimorbidity and medical expenses can jeopardize financial security in retirement, the role of gender and other demographics, and strategies for managing risk.

This eye-opening episode connects the dots and explores the link between physical well-being and financial well-being. Catch it now, on The Wave Strength.

About Dr. Qi Sun:

Dr. Qi Sun is the Financial Economist for Pacific Life’s Institutional Division. Her research focuses on longevity insurance, household asset allocation decisions, and financial well-being. Qi holds a bachelor’s degree in finance from Donghua University, a master’s degree in Personal Financial Planning from the University of Missouri, Columbia, and a doctorate in Personal Financial Planning from Texas Tech University.

In This Episode:

00:00 Introduction

00:31 Welcome to The Wave Strength Podcast

01:51 Unpacking the Newest Newsletter: Financial iQ with Dr. Qi

02:36 The Impact of Chronic Diseases on Retirement Spending

07:25 Strategies for Managing Medical Expenses in Retirement

10:09 The Importance of Health Savings Accounts (HSAs)

14:44 Conclusion and Final Thoughts

#retirementplanning #finanicalliteracy #financialwellness #financialeducation #personalfinance #chronicdiseaseawareness