A growing number of seniors face retirement both single and childless. But there are steps to take to ensure a happy, worry-free retirement from Kiplinger.com.
The challenge for single seniors is how to plan a happy retirement without having a partner or children to rely on as they age. Some are focusing on their health and physical fitness to put off debilitating health issues. Insurance needs such as disability and long-term care are vital, too.
Equally important is the need for medical providers to understand health directives on how to honor seniors’ wishes as they age. Of course, finances are critical as well. Wills and powers of attorney that designate the proper individuals to make key financial decisions for single seniors is a must.
Most importantly, if you’re single in retirement, you must focus on where and how you want to live to create a sense of community. A network of trusted friends and neighbors to rely on for companionship and assistance is crucial.
Council of Seniors Wants To Preserve What Seniors Deserve
Reliable income during retirement is always a positive thing. That’s why Council of Seniors is pushing Congress to pass The SAVE Benefits Act. For various reasons, the Social Security annual cost of living adjustment (COLA) wasn’t substantially increased in recent years. This legislation is needed so eligible seniors can be reimbursed $581 to make up the difference.
Signing our petition now will urge Washington politicians to take the necessary action. You can join the growing support for returning this money to seniors. Now is the time to protect the financial of senior citizens across America.
Are you starting retirement without immediate family? Leave us a comment and let us know.
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