Are you thinking you’d like to Age in Place? Downsize into a cozy retirement community? What if you need to transition to assisted living or long-term care? There are many options for retirement housing, and it can be hard to decide what’s the best place for you and your spouse as you face the future.
Contemplating a future of possible declining health or infirmity is not a pleasant prospect for any of us. Some people mistakenly think that, after age 65, Medicare will pick up any future tab. But there are many gaps and limits to Medicare coverage that can limit your options or leave you or your family members holding the bag for out-of-pocket expenses.
The majority of individuals in their late 40s and 50s, and some even younger, have their minds set on retiring early and spending the remainder of their lives relaxing with a book on the beach or tackling the fairways at the golf course. While that would be ideal, the dream of living your golden years sooner rather than later is becoming increasingly unrealistic for a number of reasons.
There is a retirement crisis silently occurring in the United States in the modern era. While the economy shows signs of growth and steady improvement, many are losing sight of the goal of saving for retirement. In fact, Time notes that 1 in 3 Americans have saved nothing for retirement as of March 2016.