There are questions to ask that can help you determine if you’re ready for life’s “second act.”
Many seniors look forward to retirement, especially those who wrap up their careers feeling overworked and overwhelmed. But while the freedom associated with retirement is certainly something positive to anticipate, many Americans who go into retirement excited about that prospect wind up cash-strapped and miserable early on.
If given the choice, most people would choose financial freedom over financial servitude. Who doesn’t want to be financially independent where their money is working for them as opposed to them working for money?
When most people think about life insurance, it is something to be purchased when we’re young with financial responsibilities and dependents to protect. Any discussion about purchasing life insurance after we retire is often met with strong opinions as to whether or not it makes any financial sense. After all, the cost of life insurance increases significantly over the age of 65.
Some senior adults need a bit of help and care, but when a senior has a special need, the level of care increases significantly. With the right resources, you can create a plan of care that will ensure your loved one’s needs – from healthcare through financial – are well met throughout their retirement years.