Kick These 3 Excuses for Not Planning for Retirement
Values such as self-reliance and independence may be dissuading you from planning your retirement living, but that would be a mistake. It’s impossible to predict the future, and although you don’t need assisted living or home health care right now, it may be invaluable when you finally reach retirement. Below are some common objections we hear to retirement planning and why they aren’t helpful.
“I’m Not Retiring”
Given that it’s becoming more and more difficult to save money for retirement, some people are saying they’ll never retire. Instead, they’ll work until they get to the age where they can draw from social security. While this strategy may seem all right when you’re young, it may not be that easy. Health and medical problems can keep you from working even if you want to, and it’s expensive to deal with complicated medical issues. Not to mention that social security may not be enough to help you maintain your standard of living.
“I Don’t Want to Give Up My Independence”
Another objection to assisted living and home health care is the loss of independence. This perspective can actually put you at risk. What if you fall down and hurt yourself and you’re not able to call for help? Having other people around you when you have medical issues isn’t weak. Rather, it’s a prudent strategy to protect yourself from the unknown. You can maintain the vast majority of your independence by living at home and having assisted living services there instead of at a retirement community. Accepting a little help during your retirement years can drastically change the quality of your life.
“I Can’t Afford to Retire”
Some people think that it will cost too much to retire, so they aren’t planning on it. Instead, they choose not to think about retirement living and the things they’ll need later on. When it comes to money issues and life after retirement, it helps to think outside the box. Friendship at Home has planning services and a membership program that will help you deal with the cost of assisted living once the time comes. You will be able to make small payments that ultimately will help you get the care you need when you need it the most. Not being able to afford retirement living shouldn’t be a reason to forgo aging in place.
To learn more about retirement planning, home health care and assisted living, please contact Friendship at Home. You’ll learn about the benefits of preparing for the future to make sure your later years are as fruitful as possible.