A Plan for Aging

"We have no strategic plan to address aging in the next few years, in spite of the wave of baby boomers becoming seniors,” Sonoma County Supervisor Shirlee Zane said"

This quote, above all, jumped out at me from the article in the Press Democrat last week.

Why don't more of us have a plan?  My thought is, most of us never thought we needed one. The article linked above has some distressing facts and details. But we wanted to tell you that making a plan wouldn't be too hard.

Here are some ways to begin the process -

1.   Open up about money and retirement with your family

Many folks are uncomfortable talking money and finances with family.  Even their spouse!  If that is you, perhaps you'd welcome professional help to guide you through the process. If you can have a healthy discussion, start small, with goals about how you envision retirement and growing old. Make it more specific as you dig down into it, with dates, ages, ideas and dreams. 

2.   Research available facilities

Visit websites like our friend Kira Reginato’s, Living Ideas For Elders. People like Kira can help guide you on what types of living facilities are available in your area and give your ideas on what exists and how much each costs in general.

3.  Maintain complete records of your financial and estate planning documents, including health care directives, powers of attorney, trust, will and other wishes

Our clients might not know these documents can be securely stored electronically on their Client360 page. You might also review the location of these documents with family or trusted friends. Let potential beneficiaries know where you keep these documents and how they can be accessed in case of need.

These are just a few basic steps.  This year, during our reviews, we plan to go more in depth with folks during their reviews.  There is a way to plan for aging. We don’t have to leave it all to chance. And we certainly don’t want to leave it to our government!