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| Smart Seniors: Planning Your Final Years |
RECBL - Real Estate News
If you’re in or approaching retirement, you’re likely dreaming of days filled with friends, family, and hobbies. But you should also consider planning for your final years.
Final years planning can bring families comfort and ease. Home Instead, Inc., along with experts at Genworth Financial, developed the following questions for seniors to consider when planning for their final years:
How do you want to live your final years? Seniors should consider what they want to do during their final years.
Where do you want to live? Older adults should consider if they want to spend their final years at home and, if so, what type of assistance might be required to help them do so.
What’s your plan if you need help? Many seniors will need long-term care at some point in their lives and they need to consider how they will be able to afford that care.
Do you know the cost? Older adults should consider the cost of care and anything else they would like in their final years.
Are products and services in place to support a plan? Seniors and their families should explore the long-term care plans that exist to help them meet their needs.
Is your plan flexible? Seniors and their families should ensure their plans are adaptable to the changes that may occur as time goes on.
Does your family know about your plans? Families should have conversations and take the time to share specifics about their plans and the types of products and services they have in place.
Source: Home Instead, Inc., Genworth Financial.
Jason Grace is AZ Social Realty's content editor. Email him your real estate news ideas at jason@cashbuyerslists.com.
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