Advances in health care mean that Americans are living longer, and they're learning more about how to manage their health proactively. As a result, the financial landscape is rapidly evolving for seniors in the US. Most of the current crop of 60-somethings are forecasted to live to the age of at least 80; with a longer life comes the need for careful financial planning to ensure a comfortable, secure future. You'll need more than just your social security payments and withdrawals from retirement accounts to cover the rising costs of healthcare and assisted living. Here's how you can age securely and confidently, managing your financial health as carefully as you do your physical health.
It's not a secret that the financial landscape is always evolving and often confusing. This is particularly true for Gen-Z born between the mid-1990s and early 2010s. Unlike previous generations, Gen Z has grown up witnessing economic recessions, explosive growth in student loan debt, and a rapidly changing job market. If these experiences have shaped your view on money, you're not alone. Many of your peers have had their perspective on financial health challenged and ultimately shaped by outside influences and evolving circumstances, too. As a result, it's not uncommon for earners in this age group to be fiscally conscious and wary of traditional financial paths.
You can take control of your financial freedom at any age, though - remember, it’s never too soon to get started.
Estate planning is often perceived as a complex, daunting, and even morbid task reserved solely for the wealthy or those nearing the end of their lives. The truth is, however, that estate planning is a crucial aspect of financial wellness regardless of your age, income level, or family structure. Estate planning is about protecting your loved ones, preserving your legacy, and ensuring your wishes are respected should an unexpected tragedy strike.




