Vermont Retirement Planners, LLC

54 Highland Avenue
Manchester Center, VT 05255
nick@vtretirement.com
(802) 367-3958

87 North Main St.
Rutland, VT 05701
nick@vtretirement.com
(802) 772-7945

Lifestyle Read Time: 3 min

Money Draining Food Myths

The road to better health may sometimes involve an extra expense here and there, but you should be careful about wasting money on diet ideas with promises that are more based on myth than fact.

Identified below are four diet strategies that may be ineffective and financially expensive.

Vitamins and Supplements

Americans spend $53 billion a year on vitamins, minerals, and other similar products every year. But is that money well spent? There is no scientific consensus about the efficacy of many supplements, including multivitamins. In fact, supplements often promise more than they can deliver and may even be harmful to your health.1,2

Some supplements may be of some use to some people, but determining the right supplement for your age, gender, and personal health status is best left to you and your medical professional.

Gluten-Free

The growth of gluten-free products has been explosive. And, in many cases, consumers are paying a higher premium for them. Gluten is a protein found in wheat, rye, and barley, and is more beneficial than detrimental. Gluten is harmful to individuals with celiac disease and can cause gastrointestinal discomfort in individuals with a gluten sensitivity.

However, there is no evidence to suggest that a gluten-free diet helps with other health issues or losing weight. Unless you are one of the minority of Americans who truly need to avoid gluten, you may be wasting money on gluten-free products.3

Detoxing

Body detoxification using special juices has been touted as a way to lose weight, rid the body of "poisons," and treat or prevent any number of diseases. These expensive juices, however, don't live up to their billing. Indeed, detoxing may be dangerously unhealthy for some people.4

Your body already does a wonderful job of detoxing, thanks to your liver, kidneys, and intestines. Save the money and let your body do what it's ideally designed to do.

Superfoods

There is no generally accepted definition of a superfood, and it certainly has no meaning among nutrition scientists. Superfood is more marketing than it is science. Before you spend good money on the latest superfood, find out if the claims are backed by any independent qualified research. If there is none, you may want to help your pocketbook and stick with a balanced diet.

If you're considering a diet, you should consult your physician to determine the best approach for you.

1. Statista.com, 2023
2. NCCIH.gov, 2023
3. Harvard T.H. Chan School of Public Health, 2023
4. WebMD.com, 2023

The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. It may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation. This material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG Suite is not affiliated with the named broker-dealer, state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security. Copyright FMG Suite.

 

Related Content

Insuring Your Second Home

Insuring Your Second Home

There are unique risks of owning a second home and obtaining the proper coverage may protect you from financial risk.

Counteracting Capital Gains with Tax-Loss Harvesting

Counteracting Capital Gains with Tax-Loss Harvesting

You may have heard the phrase "tax-loss harvesting." A financial professional may be able to provide some guidance.

Financially Savvy at Six Figures

Financially Savvy at Six Figures

Help your clients with these practical steps to make the most of their six-figure income.

 

Have A Question About This Topic?







Thank you! Oops!

Don’t Be Your Own Worst Enemy

Emotional biases can adversely impact financial decision making. Here’s a few to be mindful of.

Filing Final Tax Returns for the Deceased

The federal government requires deceased individuals to file a final income tax return.

Saving on Subscription Service Costs

There are ways to improve your physical fitness without denting your fiscal fitness.

View all articles

What Is the Dividend Yield?

This calculator helps determine your pre-tax and after-tax dividend yield on a particular stock.

My Retirement Savings

Estimate how long your retirement savings may last using various monthly cash flow rates.

Comparing Mortgage Terms

Estimate the total cost in today's dollars of various mortgage alternatives.

View all calculators

Your Cash Flow Statement

A presentation about managing money: using it, saving it, and even getting credit.

Investment Strategies for Retirement

Investment tools and strategies that can enable you to pursue your retirement goals.

Principles of Preserving Wealth

How federal estate taxes work, plus estate management documents and tactics.

View all presentations

What to Do When You Lose Your Wallet

Ever lost your wallet? Frustrating. Here’s what you can do to keep yourself safe.

Leaving Your Lasting Legacy

Want to do more with your wealth? You might want to consider creating a charitable foundation.

Stay Safe with a B.O.P. At Your Back

Learn about the advantages of Business Owner Policies with this highly educational and fun animated video.

View all videos