Anyone who has spent an extended period of time in temporary living quarters of limited size— an "efficiency" apartment, for instance, necessitated by a temporary work assignment or an extended vacation on a boat or RV— knows the value of organized storage. The old adage of "a place for everything, and everything in its place" rings loud and very true.
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Just the thought of entering into a discussion with our parents about their finances can cause anxiety. But as they reach retirement age, planning for their future becomes even more imperative. Your parents may need assisted care at some point in the future or decide to move to another city or into a retirement community, and taking steps now to make sure that they have the financial security to make these changes will help ensure that they’re enjoying life well into their golden years.
If it seems like most of your days of late have been spent imagining all of the amazing adventures and wonderful experiences you’re going to enjoy after retirement, you need to start your financial planning now.
If you’re close to retirement, you probably already have an advisor managing your investments. But as the day draws ever near, you may have started to wonder if your current advisor understands the ins and outs of the lifestyle you see yourself enjoying after you retire.
The average life expectancy in the US has risen dramatically in the last century. According to the National Institute on Aging, the number of seniors in the 85+ age group is expected to increase by as much as 351 percent between 2010 and 2050. And with the increase in this particular age group will come a corresponding need for quality senior care.
If you’ve found our blog, chances are you’re helping a loved one prepare for retirement living or getting ready to make the transition yourself. A lifestyle change of any kind can be a long and complicated process, but retirement living has an extra set of considerations.
