Markets driven by the consumerism of the baby boom generation are changing senior living, and there are more options available than ever before. Medical and technological advancements and a shift to a more customized, individual lifestyle preference are leading the way for seniors to age more securely and comfortably. Senior communities are looking less like institutions and more like homes. Infusing technology with medical support in assisting seniors is a giant step forward in reshaping the way people provide care and when necessary intervention.
Read up on retirement planning in America, and you come across some pretty startling statistics:
- One in three Americans have no retirement savings. The same number of people say they expect to work in retirement to supplement their income
- More than 40 percent of single seniors over 65 get at least 90 percent of their income from Social Security
- Even healthy couples will pay close to $400,000 on health care in retirement
With all that in mind, it becomes painfully apparent how important it is to plan for retirement, yet it’s a process that many people aren’t even sure how to approach.
With that in mind, we’d like to suggest some questions you should ask to help start putting together your retirement plan.
You finally broke free from the 9 to 5 grind and now retirement isn’t what you thought it would be and you are bored, very bored. Or maybe you are the son, daughter, spouse of a retiree and you see that person aimlessly watching television for hours at a time. What can be done to alleviate this problem? Here are some suggestions.
For many seniors, there will come a time where they cannot live at home by themselves anymore. Some will be able to move in with adult children, others may move into an assisted living facility, personal care facility or nursing home. While these options provide security and care, they also result in a loss of independence and choice. Granted, you can’t have everything that you want and as we age, we have to deal with health issues. Still, if you are of sound mind and in good health, there may be other options available to you.