By Lee Ann O’Brien of The McGregor Foundation
There is a movement challenging us to think differently about accessibility: accessibility to access jobs for a time well beyond our 60s, accessibility to affordable housing, accessibility to quality housing stock that supports people remaining in their homes with innovative designs that can promote independence–free of barriers and accessibility to social and community programs promoting a healthy lifestyle for quality of life and longevity.
Why is this important information to share? Because we all need to think about what our future looks like and how we help our clients.
Looking at the landscape of aging populations in Northeast Ohio, it’s difficult to not be struck by the challenges in front of our communities. The growing population of the New Majority [300,000 older adults living in Cuyahoga County, representing 24% of the total population and out-numbering those under 20] is also living longer. Not only does that have obvious implications for entitlement programs such as Social Security, but the implications are equally significant for every program and provider serving aging citizens and for every community interested in remaining strong and vibrant. At the same time, we’re ‘sandwiched’ within our own family. What happens when we want to retire but a parent needs assisted living? Age with a plan!
Make a list of who you may count on and what each person on the list is willing to do, then revisiting these plans often-particularly if you’re relying on siblings or friends who have their own health issues.
You’ll need some professionals in your corner such as a certified financial planner, estate planning attorney, and healthcare providers—assemble a team to act as a sounding board.
Helping clients with their life and care planning can reduce costs, provide protection from creditors and can provide instructions for long term goals and leaving assets.
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