We Kentucky parents spend so much time, effort, and money planning for our children’s future—making sure they acquire the skills, education, and experiences that give them the best shot at accomplishing whatever they want to do in life—but what about us?
Sooner or later, those fledglings will leave the nest. They’ll carve out their own niche in the world, as we vicariously enjoy all of their successes. We watch, and we age.
Develop Your Plan Now
Before you reach the point at which you need assistance with the daily activities of life, make a plan.
- Decide how you want to live. Do you want to stay in your own home and have caregivers come in? You might consider a continuing care retirement community, which offers independent-living facilities, assisted living, and nursing homes. If you choose this route, you will be able to move into a facility that offers more intensive assistance as your needs change.
- Research how much this lifestyle will cost. With so much information at our fingertips via the Internet, you should have very little problem getting a good idea of the bucks you will need for your choice.
- Determine what your financial resources are. Find out how much Medicare, Medicaid, and any other insurance plans you have will contribute. Factor in your retirement income, pensions, and any other assets you will have. If this is overwhelming, consider consulting a financial planner who specializes in planning for the latter years of life.
If you ever find that you need a Kentucky nursing home abuse attorney, call Gray and White Law at 502-210-8942 or toll-free at 888-450-4456 to set up a FREE, no-obligation consultation.