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Showing posts with label seniors tips. Show all posts
Showing posts with label seniors tips. Show all posts

Tuesday, October 9, 2018

PLANNING AHEAD FOR THE FUTURE: TIPS FOR SENIORS

Planning Ahead for the Future: Tips for Seniors
Photo via Pixabay by Geralt
Thinking about your future needs can be tricky; no one can predict where they’ll be in five or 10 years. However, there are many things that can give you a good idea of what your health needs will be, and it’s important to consider this when you’re planning ahead. For many seniors, finding a way to pay for potential medical issues can be stressful; even those with health insurance and Medicare may need to pay for some things out-of-pocket, and those costs can really add up. Your post-retirement savings may not be enough to help you get through, especially if you need long-term care after an injury or illness.

One of the keys to planning for the future is to take a look at your current lifestyle and wellness. If you have health issues that could possibly be improved by diet or other lifestyle changes, it’s important to talk to your doctor and figure out the best way to get started. If you’re predisposed to certain diseases due to a family history, look for ways to stay as healthy as possible. 

Keep reading for the best tips on how to plan for your future.

Think About the Right Insurance

The right insurance will help you prepare for any issues that come along during your senior years, but it’s important to plan ahead. For instance, getting long-term care insurance when you’re younger can save you money; typicallyrates increase by 2 to 4 percent when you’re in your 50s compared to 6 to 8 percent in your 60s. This type of insurance can help you pay for your care should you need to stay in a nursing home or hospital for an extended period of time.

Take a Look at Your Current Health

For most seniors, a good diet and exercise plan can go a long way toward maintaining good health, but if you suffer from mobility issues, diabetes, or have a lifestyle-related issue such as a chronic cough from smoking, it’s time to take a look at how you can make some positive changes that will help boost your health for the future. Talk to your doctor about how you can get started, and remember not to make any big changes without prior approval. 

Pad Your Savings

Your savings account is a major factor in how you’ll find the funds to pay for medical bills and long-term care should you need it, and even if you have a good amount put back, it’s always a good idea to pad it a bit. You can sell a life insurance policy, downsize to a smaller home, or switch to energy-efficient appliances and lighting to save money on your utility bills each month. Look for the best ways you can save money while still focusing on your needs.

Make Your Current Home Work for You

Aging in place is important to many seniors, but it’s not always a viable option due to the layout of a home or potential safety hazards. In order to make sure you can stay in your own home for as long as possible without fear of injury, make some simple modifications that will keep you safe, such as adding a grab bar and non-slip mat in the shower, placing more lighting in each room to prevent falls, or adding a ramp to the front of your home. 

Planning for the future can be stressful, so it’s important to go slowly and garner support from your friends and family during the process. Talk to other seniors who have made changes to their homes and lifestyles to get some advice on how to proceed, and remember not to make a major decision until you have all the facts. With a good plan, you can ensure your future looks bright.