4 Reasons Why You Should Be Thinking About Long-term Care
We’re mostly growing out of the FOMO/YOLO phase, and into real adulthood. Back pain is here to stay, and we’re starting to invest in night creams, sleeping aids, and even eye masks. We find ourselves sitting at the bar thinking about our beds at home, and how nice it’s going to be when we just doze off.
We’re not old yet, though. If you’re between 25 and 45 years old, you could still have 90 to 100 years left. Think about it, life expectancies are getting higher, and our parents are probably going to live longer than our grandparents.
Prices Are Only Getting Higher
The prices are always surging. Whether it’s rent, gas, food, or the Internet, everything keeps getting more expensive. Long-term care is no different. Prices are surging and will keep doing it. Unlike the baby-boomer generation, we’re not getting pensions or long-term care.
Therefore, we need to figure out what we’re going to do when our care expenses skyrocket, especially those of us who aren’t planning to have kids.
It’s Good to Know Where You’re Going
Uncertainty is scary and induces anxiety. It’s always smart to have a long-term plan and ideas about when we plan to retire, or where we will grow old. It’s easy to picture a cabin on the Caribbean, but it’s harder to make it a reality.
If you find a trustworthy home that you can start paying off now. By the time you retire it will add to your wellbeing, and when you’re older, and you need it the most, it will already be yours. Having a clear idea of where you will live and how much it will cost is essential.
Preserve Your Savings Without Compromising Quality
Imagine you spent your whole life-saving money. Either you’re saving for a long-term retirement plan, or just for your kids and grandkids, you don’t want to blow it all on an overpriced home.
Healthcare prices are only going up, and if you start planning now, you shouldn’t have to blow your savings into someone else’s pockets. You can save later by opting for a cheaper and lower quality home, but why do that?
If you start thinking about where you want to be later, you can make a choice now while you’re still lucid and save yourself a lot of money, as well as a whole lot of trouble and worry. It’s evident that anything you plan sooner usually turns out better.
Start thinking long-term now to save yourself a lot of embarrassing moments later.
Nobody Likes to Be a Burden
A lot of people count on their families to take care of them when they need it. That makes sense since family is what we give our all to. Nonetheless, everyone has their own lives and their own nuclear-families, and nobody wants to be a burden on their family.
It’s difficult for anyone in their 40s or 50s to have to take care of their parents, take time off from work and put their personal lives on hold to watch their loved ones deteriorate – whether mentally or physically.
What Are You Waiting For?
It makes sense to look at homes for long-term care near you and start contacting them. With medical research and science advancing at rapid speeds, we are bound to live longer than our forefathers, and we are statistically more mindful.
This means it will be harder for us to reach out and ask for help. Planning ahead is the right way to go. It’ll ensure you have care, it will save you money, and it will make sure you’re not a burden to anyone.