When planning for retirement, most people focus on how much money they need to save, but forget that in the later years we often have to depend on others. For many older women, family members live far away or are not available. To live independently, there are issues to consider. For example:
- Where will you live?
- Will your home be suitable in your older life?
- How will you receive healthcare and other services if you cannot drive?
- What local support networks are available as you age?
Every situation is different, but develop and implement a plan. Thinking about how and where we want to live for the rest of our lives may help us avoid problems later on, including the risk of poverty in old age.
For more help, download Forgot to Plan? Make Aging in Place Your Plan