As The Wesley Communities celebrate 50 years of excellent service, our CEO Peg Carmany offers “Peg’s Perspective” on a variety of topics affecting seniors and their adult children as they plan and choose to age well – 50 tips to celebrate 50 years!
Tip #22 of 50 – A look back at 2019 and a look forward to 2020
As we plan for 2020 at The Wesley Communities, I found myself looking back over all that 2019 has brought to us. First and foremost, 2019 was the year where we celebrated our first 50 years of providing excellent housing, care and services for seniors. And we will continue that celebration into this year – 50 plus years of excellent service! We are proud of where we’ve been and where we’re going. Click the link above to read more about our memories from 2019 and our plans for 2020.
When a person dies without having made a Last Will and Testament, and they have property titled in their name alone, whether it is a boat, house, bank account or a motorcycle, there is a good likelihood that they have made life more difficult and more expensive for their surviving spouse or children. Click the link above to learn more about the effects of not having a Will and why it is important to prepare one ahead of time.
The New Year has officially kicked off and for many, this is a time to set new goals and to plan for the year ahead. Health is typically one of the main areas people focus on once January rolls around, and while it may be a more obvious goal in the younger generations, it is just as important for our seniors as well.
If you are planning to focus on your health in 2020, set goals that will benefit both your physical and mental health. Typically, there are small changes and adjustments that can be made to your regular routine that will have a lasting, positive impact overall. Click the link above for some New Year’s Resolutions that will help you start 2020 in the right direction.
The term “retirement planning” is frequently used in the financial industry and in the media. But what does it really mean? For some, retirement planning includes strategies for saving and investing to prepare for a future retirement. For others, it may focus more on various methods for tax efficiency and generating income during the retirement years. Of course, to others it may have less to do about money and more about the psychology of transitioning into retirement. Clearly, “retirement planning” is a broad topic.
We would like to encourage you to think about retirement planning from one other perspective. It’s no secret that people are living longer today than before. A seventy-year old in the U.S. today can expect to live another seventeen more years on average, with many living well into their nineties and beyond. With increasing life expectancy comes a greater need for a proactive approach to planning for the later phases of retirement. Yet, this is an area of planning that is often neglected by financial advisors and the general public alike. After all, long-term care insurance, which is owned by only a small fraction of retirees, is only part of a plan. It is not, in and of itself, a plan.
As a society we are still quite reactive in our approach to addressing the lifestyle and healthcare needs that we may face in our later years. We often wait until a significant health event occurs before we begin “figuring it all out” and, almost always, this responsibility then falls on the adult children or other family members who may not have the resources, flexibility in schedule, or emotional capacity to take on such a task.
At The Wesley Communities, we are passionate about seeing our society become better-educated on the various retirement living and long-term care alternatives, and having the necessary discussions with family members and valued advisors about what you might want for your future. We encourage a proactive approach by planning ahead- to the extent possible- for the later phases of retirement. You can begin by taking time to learn the differences between aging at home versus moving to a continuing care retirement community (CCRC) or some other type of retirement living choice.
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