Freedom of Choices

by Lois Etienne on October 3, 2011

in Finances,Insurance,Legal,Senior Health and Safety

The American Psychological Association recently published results from multiple studies that found that having the freedom to make our own choices makes us happier than even a huge bank account. Certainly having enough money helps make some choices easier period but we also know of a lot of unhappy wealthy folks.

But it brings me back to something I tell people regularly, if you want to have a say about where and with whom you live as you get older, you should probably get Long-Term Care Insurance now.  If you don’t have enough money and you have to live courtesy of the government, you basically lose most of your choices (nursing homes are their favorite placements).

Most people want to remain in their own homes as long as they can and to make that happen you have to make some key choices before a crisis hits. One is considering the Long-Term Care Insurance. Another big one is to get educated about what you will need monetarily in retirement. Get educated about how to receive care in your own home as you age. Get legal advice to make sure things are in order. As you remodel, think about what changes will support you at 80 with a disability.

None of these are hard but they can take some time. But imagine how much better you will feel when you’re 80, you’re still living in your own home, and you have the freedom (with the help of a caregiver maybe) to walk out to your garden, have a cup of tea everyday at 3pm and can watch whatever you want to on TV without someone changing the channel in the middle of a program!

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