An Aging Plan to Live Life to the Fullest

A&I Wealth Management > Blog > An Aging Plan to Live Life to the Fullest

Recently, we discussed the surprising statistics surrounding the costs of healthcare in retirement. Check out the recording, here:

Healthcare Costs in Retirement

On October 26th, special guest Vanessa Johnston will discuss end of life planning. Learn all about your options from a caring, and engaging expert at our The 3 Plans We Need as We Age Lunch and Learn.

In addition to that conversation, Karl Frank will discuss the two other plans we need as we age. An estate plan–which many of us are familiar with–and an aging plan, which may be new to you.

An aging plan helps you make difficult decisions now and communicate them to your loved ones. This way, when you cannot make the decision later, your caregiver can honor your wishes. Here are some examples of what all of us face as we age:

  • Where will we live?
  • Who will take care of us?
  • What is our Plan B?

I bet you want to live the rest of your life at your home. Most of us do! Learn about the pros, cons, and costs of home healthcare.

Most would prefer a partner, or children, or other close family member to provide care as they age. Learn about the risks, pitfalls, and hear stories about how this may (or may not) work out. Start planning now.

And what about plan B? Most Americans do not die at home, but instead we pass away in a facility. Furthermore, many caregivers are burned out! We underestimate the amount of time, energy, expertise and stress required to provide care. We all benefit from outside expertise at the very end of our lives. So…

Start putting together your plan now. We’ll provide some tools for you to have productive, impactful conversations with your loved ones. An aging plan is a plan to live our best lives until that one, unexpected, inevitable day. Let’s live life to the fullest!

Click here to view the Guide to Guardianship.

About the author

Karl Frank, Certified Financial Planner ®, MSF, MBA, MA, is the President of A&I Financial Services LLC, a local business that specializes in wealth management, insurance planning, and retirement planning. Karl cares for business owners and the businesses that care for them. Learn More about Karl.