Navigating Retirement Part 3

Statera Financial Planners |

Preparing yourself emotionally, financially, and practically for life’s eventualities can give you a sense of control and peace of mind. But how does one navigate a move to continuing or long-term care?

Working Through the Transition

In the transition from child to teen and adult, there is a natural excitement that comes with the possibility of moving freely in the world and building the life you want. When these possibilities are no longer an option, it can be a difficult reality to accept.

Moving into a long-term or continuing care facility is a very emotional and often distressing experience. It’s important to be open to varying opinions different family members may have about your wishes. Working together with your loved ones, no matter how hard it may be, will ensure that your wishes are met to the fullest extent possible.

Making the Right Move For You

Start early to carefully review care home options. With your loved ones, look for an environment where you feel comfortable and certain that you'll receive the care you deserve. Many facilities have long waiting lists, so express your interest and register early.

Once you are admitted to a care facility, it’s important for your family to monitor the care that’s being provided. Unannounced visits and phone calls help provide a window into what’s happening when they’re not there. If loved ones are unavailable, make arrangements for periodic visits by a paid caregiver.

Finding the Right Professional

It’s particularly important to find a professional team who has experience with these types of transitions. Many have dealt with similar situations in their own lives. It’s not only about the numbers when determining future retirement needs—it’s also about finding someone to guide you through the emotional changes.

Statera Financial Planners can help you plan for issues you may face in the future, such as:

  • Ensuring wills and powers of attorney for property and personal care are in place and reflect your wishes.
  • Helping you communicate with loved ones and other affected parties about how you would like to handle advanced health care and end-of-life care.
  • A well-thought-out estate plan to ensure final assets are distributed as you wish.


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