No one has ever said to me, “I can’t wait to move into a long-term care home!” So I think it’s a safe bet to say that very few of us want to do so. We want to stay as independent as possible in our own home for as long as possible.
If you take care of yourself as mentioned in an earlier blog, you can hopefully push back long-term care needs well into your senior years.
Whether you will need long-term care or not, there is no doubt however, that long-term care is expensive. Has this been factored into your overall financial plan?
You may want to consider purchasing long-term care insurance while you are still working. This insurance can provide coverage if you become unable to care for yourself and need assistance either in your own home or a care facility following an accident or illness.
When I finished paying for my long-term care insurance, I felt great about having that peace of mind should I ever need it.
Talk to your financial planner or your insurance provider to see if long-term care insurance is right for you.
What can you do now to increase your level of health to stay as healthy as possible for as long as possible?
Getting personal with you means showing you my humanness. I may have training and expertise to serve you with, but that doesn’t mean I’m without fears!
One of my biggest fears is wondering if I’ll be financially stable in my retirement years. For me, being financially stable is knowing that I’ll have the money for the things I want to do.
For me, that starts with having a roof over my head, being able to pay my bills and insurance, and buying the clothes and food I need to have a comfortable life.
But furthermore, I want to thrive!
Travel, leisure activities, hobbies, fitness training…a gym membership. These are the things that add joy to my life.
To help me regulate my fears and achieve my goals, I am working with a financial planner who helps me plan for the life I imagine. And sharing this fear with you allows me to understand more fully how important it is to talk about our process!
Does learning about other people’s fears make it easier for you to talk about your own?