4 Challenges of Aging Alone

by | Oct 14, 2015 | Elder Care Advising

There’s a growing segment of people who are aging without the help of their adult children (either because they don’t have children or because their children live far away). Read on to learn more about the challenges they face.

People are living longer than ever before in history. People are having less children. And those children often live out of town or in other states. Because of all these factors, 1 in 4 Americans over the age of 65 are at risk of becoming “elder orphans.”

Many don’t like this term. “I’ve lived just fine on my own nearly all my life!” However, it is a quick and clear way to describe a growing number of people who are getting older without the immediate support of close family. And it is a HUGE challenge — one our firm is seeing more and more often.

4 Challenges of Aging Alone

It used to be that a will was an adequate estate plan for most people, but a will only works after a person’s death. A will cannot help with the challenges that present themselves when a person is in their 70’s and 80’s. And if that person does not have children, or has children halfway across the country, then the challenges of the last two decades of life can make things even harder.

So what are 4 important things to consider if you find yourself in this situation?

1. Who’s gonna be in charge?

Of course, you would like the answer to be yourself, but what happens if you have a stroke, start to experience the signs of dementia or develop cancer? When the time comes (and it will come for the vast majority of people), who will pay your bills for you? Who will help get you to doctor visits or treatments? Who will help you get groceries or cook? Read about choosing good helpers here.

2. Who will even know if you need help?

Oftentimes, we don’t recognize the need for help in our own lives. More often than not, at our firm, it is the adult children who notice that their parents need help. It is nearly impossible to notice a slow decline in your own life without someone else’s perspective.

3. What if you get help from all the wrong places?

Sadly, there are more ways to scam seniors than ever before. Dishonest caregivers have always been able to steal money, change the will, etc. but now there are mail order scams, and tech scams on iPads or via email. It is really hard to know who to trust (read about 7 Types of Helpers to Watch Out For here), which brings us to the next challenge…

4. What if you reject good advice because you don’t know who to trust?

While it is really hard to know who to trust, there are still some really good, honest people out there who are passionate about helping seniors. We work with these types of advisors everyday. They are out there, but if you’re on your own, how will you know if you can trust them?

Aging is not something any of us wants to think about, but by thinking and planning ahead, you can save yourself a lot of grief, stress, dignity and money.

If you are facing the prospect of aging alone and are concerned that you don’t have an adequate plan in place, don’t hesitate to give us a call at 217-726-9200. We are always happy to help in anyway that we can!