I see the 50&60year old children of residents that come to visit and doubt if they really envision them selves ever living like their aging parents. Their lives are busy with work, retirement, their children etc. and don't take the time to plan for the Golden Years.
I think a lot of people prefer to spend their lives living it rather than preparing for the last few years of it, and I don't know that there's anything wrong with that. How many people die with a bunch of money and things that they'll never get to use?
There is a huge Caregiver group on another forum I'm a member. And omg what stories...children TRYING to take care of their "lost" parents....I didn't see that in my own life as my parents both had good minds when they left in their 90's.... I think an aunt had no memory for years in a home where she lived for years. And there are MANY who have no one to take care of them should this happen in their lives and I don't believe our children in their late years are to take care of their parents. My thinking. My preference is to keep my mind healthy as I believe works. Grape Seed Extract to reduce amyloid plaque and daily tsp of coconut oil and I use it in cooking. I've worried about or had a concern about this end of life and our brains. And I agree it's NOT the Money thing. I want to be in as much control of myself as I can be.
What do you suggest we do now at 50 and 60?... seriously, do you have any advice to us young retirees on how to ''plan'' for our Golden years, if it's not about money?
I'd like to know how you know this? Are you privy to their personal business? That aside, most people who are young and busy with families and work don't dwell on their future but hopefully they are setting aside some retirement funds. The thread title says "caretakers," so I thought this was about people who are working in the elder care communities.
Well, when I was in my 50's and earlier, I really never gave it a thought at how I'd be in my mid-to-later Senior years. In my earlier years, I only really thought about the "here and now", not years down the line. There are certain things I can no longer do, but until the time comes that I have a really hard time doing anything I really enjoy doing, I really don't want to worry about the future that much.
Some had mentioned to Lon what should they do. I posted what I do at 81 to keep my mind good and will continue. I started with Grape Seed Extract in my later 50's and here I am 81 and a good mind and memory. So I have to have a strong belief in this antioxidant and one can find plenty of info online about it and the mind. And my preference is NOT to end up propped up and not know what is going on. And is there a guarantee to what I am doing, no, but I feel strongly about it.
Spouses and family members can also be caretakers. When we see ads like "A PLACE FOR MOM" it's addressed to them.
Buy some kind of Long Term Care Insurance to keep from exhausting personal assets and income. The younger you are when you buy it, the lower the cost.
The deal is, you can PLAN and things still not go the way you planned them. My husband and I, in our 50's made a great plan. It included BOTH of our social security checks. Unfortunately, he died when I was 59 and he was 63. We never saw it coming. I'll be fine, but my current life sure wasn't the original plan. The original plan included a condo overlooking the beach.
Great planning Bess, should include sufficient life insurance to provide for a surviving spouse. I hope your husband included it in your plans.
And for me and I'd think MOST, LTC insurance was pricey when I was in my 40-50's and as I see it for about $16/month (grapeseed extract) or so, I MAY prevent Alzheimers from entering/taking my life.