Unfortunately, we all worry about accumulating enough money for retirement and we under estimate what could financially devastate us in the blink of an eye. The need to create an Extended Care plan is important. All aging individuals, regardless of age, should have a plan in place. Extended Care could be the greatest crisis we will face as we age. As we get older, most Americans worry about three things:
- Remaining independent
- Having enough money
- Maintaining good health
Why We Fail to Plan
There could be many reason why we fail to plan ahead for Extended Care, these are just a few:
- To avoid thinking about being dependent on others for care
- Misinformation about the risk of needing care
- Misinformation about the cost of care and planning options
Having an Extended Care plan in place isn’t for the person who needs the care, it’s for the people that they love.
Your spouse or children can spend time supervising your care rather than giving you care. There have been many studies that show a person giving care will lose their own health faster than if they were not being a care giver.
For more information on Extended care planning please contact SMG at 269-903-2510 or Toll Free at 1-855-205-4928.