Can we prepare for old-old age -- that is over age 85?

Hello Megan,




Do you ever hear yourself saying, “if I act that way when I am old, just slap me!” Or, “I hope I don’t act that way in old age.” But, if most of us do become less reasonable, and more rigid in our thinking, what can we do now to help our later selves, and the people who may end up taking care of us.  



Here are seven tips and ideas: 


  1. Purge your house early and often.
  2. Invest in your physical health.
  3. Be open to buying hearing aids. Your brain adjusts better the sooner you get them.
  4. Write a letter to your future self. “Unlike my mom, I promise not to…..” Check out this website: https://www.futureme.org/
  5. Visit a few retirement places and put your name on a list. Most of the nicer retirement facilities in Austin have waiting lists that can be years long.
  6. Hire people to help you. These go-to people later in life, such as the lawn guy, handy person, cleaning person, dog walker, hairdresser, massage therapist, therapist, financial planner and pharmacist, can come through for you when you need them.
  7. Get familiar and comfortable with rideshares and/or public transportation.


We have found that this can be one of the more challenging transitions our clients face. Our contacts and support have helped others and we would be honored to help you prepare for this next step, as well.


What other suggestions do you have? Send us an email at : info@watercolor.com.


Sincerely,

Cass, Megan and Bleckley



What are you plans for age 85 plus?

Quick poll: What are your plans?
I plan to age in place and stay in my home.
I plan to move to a retirement community.
I plan to move in with relatives/ or have them move in with me.
None of the above


Watercolor News - Carter Poore headed to college


Megan and Creed Poore's daughter, Carter, graduated from McNeil High School and is attending Texas A&M this fall. Her parents, both Aggies, are thrilled and so are we. Congratulations, Carter, on all your hard work!


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Bleckley Dobbs, Cass Grange and Megan Poore provide advisory services through NWAM, LLC dba Northwest Asset Management, an SEC registered investment adviser. Watercolor Financial Group is not a registered investment adviser. Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP® certification mark, the CERTIFIED FINANCIAL PLANNER™ certification mark, and the CFP® certification mark (with plaque design) logo in the United States, which it authorizes use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements. This material is intended to provide general financial education and is not written or intended as tax or legal advice.