When you look back on your life, you invariably recognize the fact that you would act differently in some ways if you could consult with your future self. Indeed, it is said that experience is something that you get right after you need it.
How can you be prepared for a situation that you have never experienced before? In some cases, you can analyze statistics and gain an understanding of potential outcomes based on the experiences of others.
This definitely enters the picture when it comes to an eventuality of aging that far too many people ignore.
Twilight Years
You have probably placed an emphasis on self-sufficiency throughout your life. No one wants to depend on others, and this is understandable, but desire can sometimes clash with reality.
The age of full Social Security eligibility is between 66 and 67 depending on the year of your birth. Once you reach this age, your life expectancy is into the mid-80s. If you put this into perspective, your expectations for the future should evolve.
A lot of people think that your active retirement years are the end of the rainbow, but in fact, the twilight years may present different challenges.
Living Assistance
According to the United States Department of Health and Human Services, 52 percent of elders will require paid worksheet page and follow the simple instructions.
Need Help Now?
If you have already learned enough to know that it is time for you to work with a Glastonbury, Connecticut estate planning lawyer to put a plan in place, we are here to help. You can send us a message to set up a consultation appointment, and we can be reached by phone at 860-548-1000.
Mr. Nirenstein is licensed to practice before the courts of the State of Connecticut and the United States District Court. He is a member of the Connecticut and Hartford County Bar Associations, and the Estate and Probate, Elder Law, Business Law and Real Estate Sections of the Connecticut Bar Association.
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