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 person in the U.S. today can expect to live another 17 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 health care 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 River Landing, 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.
At River Landing, a non-profit, faith-based CCRC, our residents can live in confidence every day with the comforts and excitement of retirement all around. Whether that means hosting friends for cocktail hour, traveling more, or taking advantage of the numerous services and amenities right on campus, our residents are free to enjoy their retirement to the fullest.
We know our residents are planners, and they can rest assured that if or when something ever happens a team of medical experts, who they have grown to know and love, will be by their side. It’s our pledge to each of our residents.
When you become a resident at River Landing, you too can live the ultimate active and independent lifestyle you’ve always imagined for your future self. What are you waiting for? Ask about how you can join our wait list today by contacting us now.
The above article is provided by myLifeSite and is legally licensed for use.