By Dr. Sandra Timmermann, nationally recognized gerontologist and expert in aging and retirement. Learn more about Dr. Timmermann.
When we plan for retirement, many things are on our mind. One thing that we generally don’t address in the retirement planning process, however, is the possibility that we may need long-term care some day or that we may end up being a caregiver for a spouse, parent or even a child.
Facing up to that reality can be hard, but getting a plan in place will enable you to stay in control of your life, determine where you will live and allow you to stay at home as long as possible, help to preserve your assets, and support your family and their caregiving responsibilities.