150A Andover Street Suite 2 Danvers, MA 01923

978.777.6554
rcella@ipswichfinancial.com
Client Login
Ipswich Bay Advisors Home
Ipswich Bay Advisors Home
  • Home
  • Home
  • About Us 
    • Our Mission
    • Our Pledge
    • Our Team
    • Our Strategic Partners
    • Ed Slott Master Elite IRA Experts
    • Research-Based Investing
  • Services 
    • Retirement Planning
    • Tax Planning
    • Investment Management
    • Financial Planning
  • 401k Business Services 
    • Advisory and Management Services
    • Employee Education
    • Plan Sponsors
    • Participants
  • Events 
    • Meet Ed Slott Live!
    • Monthly Webinars
  • Resources 
    • Your Personal Retirement Machine
    • Newsletters
    • Videos
  • Contact Us
Client Login
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 more than $35 billion 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 multi-vitamins. In fact, supplements often promise more than they can deliver and may even be harmful to your health.1

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.2 Unless you are one of the minority of Americans who truly needs to avoid gluten, you may be wasting money on gluten-free products.

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 to some people.3

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. Washingtonpost.com, January 27, 2020
2. Harvard T.H. Chan School of Public Health, December 2020
3. WebMD.com, February 11, 2020

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.

Share |

Have A Question About This Topic?

Thank you! Oops!

Related Content

Should I Buy or Lease an Auto?

Should I Buy or Lease an Auto?

This calculator compares the financial impact of leasing versus buying an automobile.

Fallen Tree Damage—Who Pays?

Fallen Tree Damage—Who Pays?

Your liability for damages that occur when a tree on your property falls on your neighbor’s property is not clear cut.

Retirement Redefined

Retirement Redefined

Around the country, attitudes about retirement are shifting.

Contact

Office: 978.777.6554

Fax: 978.777.6560

150A Andover Street

Suite 2

Danvers, MA 01923

Series 6, 7, 24, 26, 63, 66

rcella@ipswichfinancial.com

Quick Links

  • Retirement
  • Investment
  • Estate
  • Insurance
  • Tax
  • Money
  • Lifestyle
  • All Articles
  • All Videos
  • All Calculators
  • All Presentations

Check the background of your financial professional on FINRA's BrokerCheck.

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. Please consult legal or tax professionals for specific information regarding your individual situation. Some of 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 representative, 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.

We take protecting your data and privacy very seriously. As of January 1, 2020 the California Consumer Privacy Act (CCPA) suggests the following link as an extra measure to safeguard your data: Do not sell my personal information.

Copyright 2023 FMG Suite.

Securities and investment advice offered through LPL Financial, a registered investment advisor. Member FINRA/SIPC. Ipswich Bay Advisors and LPL Financial are separate entities.  

Ed Slott is not affiliated with LPL Financial and Ipswich Bay Advisors.

The LPL Financial registered representatives associated with this website may discuss and/or transact business only with residents of the states in which they are properly registered or licensed. No offers may be made or accepted from any resident of any other state.