Sunday, November 11, 2007

Retirement Planning must include health care costs

Nobody tells you that your retirement planning must include health care costs. Everybody focuses on how much money you need to save, and how much you can draw out of savings every year. 

The secret truth about retirement living is that it's haunted by fears and worries. You don't know how long you'll live, so you worry about outliving your money. You see illness, strokes, cancer and heart ailments pop up in your friends. Will it happen to you? 

You want to live independently as long as you can, before you enter a retirement community. That's natural. The problem is you can't enter a continuing care retirement center if you've already been hit by big health problems. So, people tend to wait. Most people wait too long, and then it's too late. 

Big health problems mean big health costs, and then you really sweat it out. Will the healthcare expenses wipe out your savings? 

The solution for all of these worries is to find a continuing care retirement community that can make retirement enjoyable while you're healthy, and take complete care of your health needs at exactly the same level of spending you had while you were healthy. 

We were fortunate enough to discover just such a place. They call it America's First Life Fulfilling Community, and we feel that's what they have here. We were lucky to get in. The place is new and filling up fast, so we got the last of the town homes. But, if this interests you, you could check out the final few apartments they have. Or, get on the waiting list for an apartment when one opens up. 

To learn more about our place, click on http://www.theglenridge.com 

More Soon,

Ken Johnston 

1 comment:

Anonymous said...

I heartily concur that most people wait too long to consider moving to a CCRC. The attitude is: I don't need that sort of place now. You don't know that. My wife required the use of the Carroll Center skilled nursing within seven weeks of our moving into Glenridge.