Legal & Financial Planning

Guide to Maintaining Financial Independence as You Age

Cameron Huddleston
Cameron Huddleston
February 6, 2024
Guide to Maintaining Financial Independence as You Age

You likely want to live independently as long as possible. After all, the idea of relying on others for support as you age probably isn't that appealing. However, whether you can live independently might not seem entirely in your control.

For example, health issues and cognitive decline could force you to receive care from others. More than half of adults 65 and older will need long-term care—assistance with activities such as eating, bathing and dressing—according to the U.S. Department of Health and Human Services. Even adults who don't develop disabilities that require hands-on care might need help with daily money matters. That's because financial decision-making ability can decline with age, according to the National Endowment for Financial Education.

Fortunately, these unsettling statistics don't mean you have to resign yourself to giving up your independence as you age. In fact, there are plenty of ways to maintain your independence—especially your financial independence—for as long as possible.

Carefull has created the Financial Independence Roadmap to guide you through steps to take to protect your finances as you age. You can download it for free to stay independent and in control.

Download Carefull's free Financial Independence Roadmap.

Cameron Huddleston

Cameron Huddleston

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