By: Kathleen Longo, CFP®, CAP®, CDFA
Living life the way we envision as peaceful, abundant, secure and fulfilling is what many call the American Dream. Quality of life is a meaningful part of our needs to feel happy and safe in our lives. Unfortunately, from social isolation to diminished health to poor eating habits, people’s quality of life is at risk as they age. There are many factors that can contribute to a reduced quality of life and there are planning measures that can be taken to mitigate that loss.
Our team works with clients to help them identify opportunities to age happily. Key components frequently include reducing the risk of losing touch with friends and family, maintaining access to healthy foods, having access to quality and necessary medical care, and to maintain a sense of fulfillment as they reach an advanced age. While many people in their 40s and 50s aren’t necessarily thinking this far into the future, they may be experiencing the challenges that their aging parents are facing and see that advanced planning for aging can have a positive impact on the elderly as well as their families.