According to the AARP, more than 20% of retirees by 2040 will not have children. There is a growing population of people who do not have any children, and more of them are reaching retirement age. Preparing for retirement without children to lean on for support may be a challenge, but the right retirement planning will make it easier.
Eldercare and Retirement
Medicine and healthcare advancements have contributed to an increase in life expectancy overall. Because of this, newer retirees are expected to live longer than elders of previous generations. This means that there will be a greater need for care services for retirees.
Estate Planning for You and Your Spouse
You and your spouse (If you have one) should start planning for your retirement as soon as possible. It is also important to discuss plans in the event that one of you passes before the other. Speak with an estate planning attorney to create a plan that works for you.
Looking to Friends and Family for Support
While many elderly individuals rely on their children to manage their long-term care, elders without kids may have to look elsewhere for support. Looking to friends and close family members for support can be a good place to start. You may need to name a trustee or an executor of your estate. But, many estate attorneys will offer executor services for clients.
Support and Eldercare
When it comes to your elder care, it is important to have a trusted loved one involved who can help manage your support. On average, those without children need more healthcare services than other seniors with adult children. Many experts believe this is because they have less family assistance to notice changes in their health. You should look into your eldercare support options in your area.
In-Home Care After Retirement
Without children to rely on for daily support, you may need to look for additional support. Hiring a home health aide or in-home nurse can give you the daily support you need while allowing you to maintain more of your independence. SafeHarbor Healthcare Services provides certified home health aides and in-home nursing care to the elderly and disabled. Our professional aides can assist you with your daily needs, including meal preparation, bathing, light housekeeping, doctor’s appointment visits, and more.
Safe Harbor Healthcare Services does not provide medical, healthcare, or financial advice via articles. This material has been prepared for informational purposes only. It is not intended to provide, and should not be relied on for medical advice.
Safe Harbor Healthcare Services has been providing excellent home care on Staten Island since 1967. Our services help the elderly and disabled live safely and independently; while giving their families the peace of mind they need. For more information contact us by clicking here, or call (718)-979-6900.