In an era when very few have a true pension plan, have you developed guaranteed lifetime income strategies, or even considered the implication of a market downturn during the early years of your retirement, or several during your retirement years?
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Do you know how a Long Term Care event will affect your family? Have you talked to your adult kids about this yet?
People often times wait too long or never talk to their kids about these topics, but it is so important. If your children have to take care of you physically or financially this may impact their own retirement planning.
While you are having this conversation, it is also very important that you simply tell your children what your wishes are. They can not know how you want things done if you do not tell them.
Mein Haus in Alaska
This conversation, while uncomfortable, can be a great gift to your children. It can prepare you for the tough situations you may encounter while living together.
It's great that you and your partner like spending time together, but if your moving in together is just a matter of convenience, to save money, or because you're already always together, you're probably not actually ready to take the leap yet. Making decisions about your future can be exciting and nerve-wracking and a million other things, and though it can sometimes be a little bit scary to make moves toward accomplishing your goals, if just having a conversation about these things scares you, moving in might be too big of a step.
Get Ready, Set, Live! — Dominique Anders
That's an indicator that you're just not ready yet. Lauren Schumacker. Facebook Icon The letter F. Link icon An image of a chain link. It symobilizes a website link url. Email icon An envelope.
Are You Ready to Live?
It indicates the ability to send an email. Fliboard icon A stylized letter F. Twitter icon A stylized bird with an open mouth, tweeting.
Pinterest icon The letter "P" styled to look like a thumbtack pin. Living together is a big decision. The Fix The daily lifestyle email from Metro.
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