For the first time in human history, we have a greater percentage of the global population over age 65 than under the age of 5. While life expectancy based on medical history has thus far been a primary factor in determining potential for longevity, as we move away from traditional institutional care into community/ home-based care, there will be more emphasis on the Five Pillars of Longevity, as they relate to long term care.
Too many Americans postpone retirement planning. When it suddenly shows up, they’re caught unprepared for meeting expenses, with a reduced income that can quickly wipe out savings and rob them of peace of mind and enjoying their Golden Years. These are the 10 biggest retirement planning mistakes:
When we are young and able to work a full-time job, we depend on our weekly earnings to pay for our living expenses. All of this will change quickly, though, as soon as we retire from our career. The weekly paychecks stop coming in, but unfortunately the expenses don’t. That’s why it is important to have a plan in place and begin retirement income planning now to insure you don’t outlive your income as you get older.
Are you concerned about having enough income to meet your needs during retirement? Or are you taking care of a loved one and responsible for his or her financial and health care needs? If so, you might feel overwhelmed with all of the choices and options available to you. Researching, creating a longevity plan, and asking the right questions takes a lot of time and energy. However, it’s important to begin the process now so you have a longevity plan in place and make the right choices when the need arises. Read More
Between the demands of a full-time job, a family, and charitable or recreational activities, your personal finances may take a back seat to the more pressing demands on your time. Fortunately, Long Term Living Association is here to help you with all your financial needs associated with retirement. Read on for a checklist of the seven aspects of your financial life to review on a yearly basis.
Have you underestimated how much you will need in retirement? What is enough?