Your “Golden Years” may be the best time of your life. With grown kids, perhaps even grandkids, and more time on your hands, there is a lot of freedom in the time after retirement. However, many people may forget that as we get older, our health can become the biggest deterrent to doing the things we love. It’s important to plan for the time after retirement financially, but also when it comes to your living arrangement and lifestyle.
Having the conversation with family members about your later years may be difficult due to the fact that it often entails end-of-life discussions, but it’s important to include your loved ones in the conversation, as some of them may end up having to make decisions for you when the time comes.
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When considering post-retirement plans, here are a few items to consider.
Changes in Mental or Physical Health
Most of the time, diseases or other chronic ailments are diagnosed unexpectedly, but preparing for a change in your mental or physical health should be a priority when considering your later years. Do you have a Power of Attorney in place? Is your will updated? Do your kids understand your wishes should you lose your capacity to make decisions for yourself? All of these questions and others should be answered when you are healthy and clear-minded. With all legal and health needs and desires accounted for, you can rest assured that your wishes will be granted if the time comes when there is a major change in your mental or physical health. Visit Happipuncture for deep tissue massage.
Long-Term Care Insurance
Additionally, it may be beneficial to consider long-term care insurance when you are younger and healthy. Many insurance plans may not accept you once you have been diagnosed with a chronic disease, so it’s important to register for this type of insurance as soon as you can. By securing long-term care insurance, you are giving your family more options when it comes to providing care for you in your later years.
If you are used to being active and social through work or other organizations, you may want to start lining up opportunities for yourself after retirement. Think about what passions you may want to pursue, or which organizations you’ll want to support through volunteering. Having a network and social life after retirement is extremely important to keep the mind and body healthy into your later years.
In the event that you do fall ill or become incapacitated either physically or mentally, you may require the help of a caregiver at some point after retirement. Oftentimes, if plans are not set in place in time, caregiving duties fall on adult children or relatives who live nearby. The act of caregiving can be an extremely stressful and time-consuming obligation for a family member who may also have other responsibilities of his or her own. Therefore, it’s important to consider whether you would prefer moving into an adult living community or assisted living facility, or if you would rather have an in-home caregiver.
There are benefits to both options, but an in-home caregiver allows you to maintain a familiar lifestyle in the comfort of your own home while someone comes to you to attend to your needs. With this style of caregiving, you may feel as though you are living more independently than if you choose to reside in an assisted living home.
Through our services at 24/7 Nursing Care, we can place caregivers in the homes of our clients for a short time or in the long run, therefore providing more freedom to choose the caregiving style that fits your need the best.
If you or someone you love is in need of in-home caregiving services, contact us to learn more about our network of professional caregivers who are ready to serve you!
WRAL. (2019, January 02). Plan early for life after retirement, not just retirement. Retrieved from https://www.wral.com/plan-early-for-life-after-retirement-not-just-retirement/18090779/