February 27, 2019 - Published by IAG Wealth Partners

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Whealth Blog

IAG’s advisors have been serving our clients for almost 34 years now. Since our founding in 1985 there have been some significant trends that have led to substantial changes for our clients.

The most obvious of these is technology. Our clients now have instant access to more information than ever before. While mostly beneficial, it can also lead to overconfidence in the “right” answers for the wrong questions.

A little less obvious is that the number of families that IAG advisors help has grown significantly without spending millions of dollars on advertising every year. We are very thankful that you have shared our story with your friends and family over the years. We value the trust you place in us to care for those you care about.

Perhaps the strongest yet least obvious trend is how wealth and health are increasingly intertwined. Now, more than any time over the last 34 years, your health and your wealth are dependent on each other.

While you are younger your health gives you the opportunity to support your family and save for the future. Having disability and life insurance in place can offset some of that risk, but health challenges at a young age can limit your family’s future wealth.

As your days on Earth accumulate your family’s health may impact how much you can save for retirement. Paying for medical insurance, deductibles, and copays can significantly reduce the amount available for long-term financial goals. Using Health Savings Accounts (if you are eligible) to build tax-advantaged savings for health care expenses can reduce that risk slightly. Living a healthy lifestyle will have a larger impact.

After retirement, your health determines your quality of life, the length of your retirement, and your cost of living. Health is one of the largest variables in whether your retirement nest egg lasts your lifetime. You can offset some of this risk using health and long-term care insurance, but the last years of your life are still likely to be the most expensive medical years of your life.

Our observation over the years is that our clients who maintain an active lifestyle and an optimistic attitude generally experience a much healthier and wealthier future. We look forward to helping you work toward your whealthy lifestyle.

Quote of the week:   Daniel Kahneman: “It’s nonsense to say money doesn’t buy happiness, but people exaggerate the extent to which more money can buy more happiness. Happiness is determined by factors like your health, your family relationships and friendships, and above all by feeling that you are in control of how you spend your time.”


Securities offered through LPL Financial. Member FINRA/SIPC. Investment advice offered through IAG Wealth Partners, LLC, (IAG) a registered investment advisor and separate entity from LPL Financial.

Any opinions are those of IAG and not necessarily those of LPL Financial. Expressions of opinion are as of this date and are subject to change without notice. This information is not intended as a solicitation or an offer to buy or sell any security referred to herein.

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