May 18, 2014 in Retirement

Don’t be the fall guy

Falls cost big bucks. Hold onto your hat and your handrail because it’s unlikely your retirement budget includes enough to pay for you to recover from a fall.

The National Council on Aging reports that in 2011:

The cost of preventing falls is cheap by comparison. For instance, in November, the Centers for Medicare & Medicaid Services calculated that a program that taught people to manage falls indirectly saved $938 in medical costs per participant annually. It also pointed out that a program to teach older people tai chi, which improves balance, resulted in savings of $1.60 in medical costs for every $1 spent on the program.

How to prevent a fall

Here are some tips to avoid being the retirement planning fall guy, thanks to Mike Ross, exercise physiologist at Gottlieb Center for Fitness, part of Loyola University Health System: