![]() Solo agers live alone by choice or due to circumstances, and never had children or are estranged from them. Of the 5.3 million people aged 65 and older who have Alzheimer’s, 62% are female.By the time a woman is 75 years old, there’s a 70% chance she will need assisted care at some point.80% of men die married while 80% of women die single.If you think it can’t happen to you, here are three sobering statistics from the Women’s Institute for a Secure Retirement. So, whether they plan for it or not, managing finances on their own will likely be required at some point in a woman’s life. ![]() These are very real and complex decisions, but ones that people living alone without nearby relatives or close friends need to be prepared for. In an emergency, who is your go-to person? In other words, who will be called on your behalf to make medical and financial decisions? This month we focus on three important planning elements for solo agers – healthcare, housing, and finances – because there is one very critical question that needs answering: Each month our blog pulls together curated resources for our clients and prospective clients. A Google search for solo ager brings up 26 million links. ![]()
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