By Rozi Rice
The number of Solo Aging adults is skyrocketing. According to AARP, 12% of adults over age 50 are aging solo, meaning they don’t have the support of adult children or close family members, either by choice or circumstance. Without that support, planning for the future as a Solo Ager can feel daunting; however, taking proactive steps now can lead to a more secure and fulfilling life. Here are some key areas to focus on:
Your Financial Future
This is and should be your priority in planning. You want to have a realistic idea of what your monthly budget will be for housing, healthcare, insurance, etc. Consider rising prices and the cost of living, projecting how long you may need your money and what you will need it for.
Housing Options
Even if you are active and vibrant, think about your current living situation. In the years to come, will it be practical for your health, mobility and wellbeing or might you be better served by downsizing or moving to an Independent Living or Continuing Care Retirement Community, which offer more amenities?
Legal Documentation
We know that this is a chore, but it is necessary if you want to be the one to make decisions about what you want. Seeking professional guidance is the best solution and it is worth the time and investment to get it done as early as possible by someone whose only focus is your best interest. There are eldercare attorneys who specialize in everything that you need.
Life Care Managers
You may choose to work with a professional Life Care Manager who will act as your advocate and can recommend you the best options based on your life choices. They can provide you with essential resources, options and information that will save you from doing it yourself. They can suggest and make experienced recommendations on everything that you need to ensure that you are aware of what is available and affordable.
So many of us do not plan. It’s easier to ignore, to wait and see what happens. We know that waiting until there is a crisis and scrambling for solutions is not a good plan. Give yourself an honest assessment of how you want to live your life based on your finances, safety, comfort and lifestyle so that these are your decisions and not someone else’s.
Preparing for the road ahead starts with small, thoughtful steps. If you’re navigating the unique journey of solo aging, Jewish Community Services is here to help. Introducing Solo Aging Together—a new program designed for adults 55+ to engage in real conversations about what matters most. Click here for details.
Rozi Rice is a Program Coordinator at Jewish Community Services.
Jewish Community Services (JCS) provides programs and services for people of all ages and backgrounds, helping them achieve their goals, enhance their well-being, and maximize their independence. To learn more, visit jcsbalt.org or 410-466-9200.
