As one of your largest retirement expenses, longevity planning requires an in-depth discussion of all your housing options. Where will you live? Will you age in the comfort of your own home and make adjustments when the time comes, move into a senior living residence or live with your children? There are numerous possibilities to consider including, but not limited to:  home sharing, downsizing, relocating, renting, continuing care retirement communities, or assisted living.  

Longevity Wealth will help identify your needs and preferences along with how they may evolve over time.  

Additional Resource: “Aging in Place”

One of the major concerns for every pre-retiree and retiree is outliving their retirement funds. Identifying current and future financial requirements and issues is critical to developing a highly-balanced longevity plan. In fact, strategic investing and smart money management is the cornerstone of saving enough for a long, fulfilling and comfortable retirement.

Having the freedom to get from place to place on your own schedule is critical to staying connected to the community and loved ones. As your driving ability changes, incorporating multiple mobility options such as ride-sharing, community shuttle services, a private driver, or public transportation is a must-do for your longevity plan.

A thoughtful long-term care decision ensures that you will maintain your quality of life.  In the case that you are unable to perform everyday activities on your own, you want to feel confident that your health and personal necessities are taken care of.  

Most importantly, when constructed effectively, a solid long-term care plan gives you the ability to live as independently and safely as possible, while simultaneously lifting the financial and emotional burden from you and your loved ones.  Longevity Wealth will help you assess your long-term care risk, need for support and how to offset those costs (if required) with long-term care insurance, regular insurance, and/or possible government insurance programs.

While the end of life discussion may be extremely tough to have, everyone understands that our time here is finite, and it’s necessary to prepare yourself and your assets for transition. Before building a well-rounded estate planning strategy, it’s essential to have a full and detailed conversation. Longevity Wealth partners with reputable attorneys to assist you with covering the ins and outs of protecting assets, passing down inheritance, tax implications, charitable gifting, and long-term care, among other considerations. Estate planning is about taking control and putting plans into place to manage risks so that you and your assets are well-cared for.