Many seniors don’t plan properly for their post-retirement years, which can lead to setbacks in life. However, knowing what to expect and making plans for the future can help aging adults enjoy their retirement years. Here are some of the most common mistakes seniors should avoid making after retirement.
Your elderly parent shouldn’t spend all of his or her savings on vacations, gadgets, entertainment subscriptions, and other costly expenses. Instead, he or she should create a budget that includes social activities, meals, medical expenses, mortgage payments, utilities, transportation, and personal products. Your loved one should also consider downsizing in the retirement years, as it could save money and reduce the amount of time spent cleaning the home each week.
If your elderly loved one needs help maintaining a high quality of life while aging in place, reach out to Home Care Assistance, a trusted provider of Bethlehem senior home care. Our caregivers provide transportation to and from medical appointments and social events, nutritious meal preparation, assistance with daily exercise, and help with everyday tasks like bathing, grooming, and light housekeeping.
2. Becoming Inactive
Living on a budget doesn’t mean your loved one should stop socializing with friends and family members. In fact, the more socially engaged your loved one is, the better his or her overall health may be. It’s important to engage in affordable social activities in the retirement years since your loved one may no longer be surrounded by coworkers. Remaining socially active could boost your parent’s heart, bone, and brain health.
3. Underestimating Medical Expenses
Older adults may experience several health issues as they progress in age. For example, your loved one may have been able to easily move around, clean the home, and run errands in the past, but now it may be difficult for him or her to do daily tasks independently. Due to the loss of independence, a strategy for post-retirement medical costs is necessary. Your loved one should also know what Medicare and Medicaid cover instead of overestimating the benefits.
Living independently is important for seniors who want to maintain a high quality of life. For some, this simply means receiving help with tasks that have become more challenging to manage over time. Even when families have the best intentions, they may not have the time to provide the care their elderly loved ones need and deserve. If your loved one needs help for a few hours a day or a few days a week, reach out to Home Care Assistance, a trusted provider of respite care Bethlehem seniors can depend on.
4. Falling for Elder Scams
Many seniors experience memory loss and difficulty using critical thinking skills, which makes them easy target for fraudsters. Educate your loved one about purchasing insurance and other products via telephone, email, or postal mail, and make sure he or she discusses these offers with you prior to making a purchase. Be respectful when having the elder scam talk with your parent, and explain that you’re protecting his or her finances and safety.
5. Retiring Too Soon
If your loved one is physically and mentally capable of working, he or she should keep going, at least on a part-time basis. Your loved one can also try volunteering with a local business or organization. In the event your parent put a dream on hold while working full-time in the past, encourage turning that dream into a reality during the retirement years. Staying busy is great for cognitive health, and it can increase longevity.
Living alone at home in the golden years can present a few unique challenges. Trust Bethlehem home care professionals to help your senior loved one maintain a higher quality of life while he or she manages an illness and performs the daily tasks of living. To create a customized in-home care plan for your elderly parent, call Home Care Assistance at 484-350-3874 today.