What’s Your “Master Plan” As You Get Older?
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Q. My wife and I are 59 and 60, respectively, and we recently got to talking about our “master plan” for the future. We haven’t had an in-depth discussion of this sort until now, as we have been focused on other things that are occurring in the present. Another reason is that we have become simply overwhelmed by all the different issues we have to consider about our
futures. Where should we live? How much money will we need? How can we generate income that will last the rest of our lives? How can we manage our health, our illnesses and, ultimately, our deaths? There are so many things to think about that it can seem easier to procrastinate about doing
anything.
So, we decided to tackle one issue at a time. The first topic we want to think about is “aging-in-place.” This is an issue that my wife and I are having to face right now for my mother who has dementia, so it’s at the forefront of our minds. I know most people want to grow old in their homes and plan to do so for as long as possible. But, is it really best to age-in-place
and ask your loved ones for help, or to enter assisted living or a nursing home when you need more assistance than they can handle? Aren’t nursing homes and assisted living facilities astronomically expensive...but then again, isn’t in-home care also? I’m thinking about this seriously now, because whether we need to make home modifications in the future or pay for long-term care or both, we need to plan in advance. Thanks for your help!
Critter Corner: What New Technology Can Help My Mother Age-in-Place Safely?
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In the past, you’ve published lots of articles on aging-in-place technology. My mother is aging-in-place and I worry about her, since we try not to visit her due to the COVID-19 pandemic. Are there any new technologies we can purchase for her for peace of mind and to help keep her safe, since she is typically home alone?
Order Books by Evan Farr, 4-Time Best-Selling Author
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Certified Elder Law Attorney and Medicaid Asset Protection Expert, Evan H. Farr, CELA, has written four best-selling books in the field of elder law. For more information and to order, click here.
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