Friday, March 25, 2011
Remaining self-sufficient is a major retirement goal for most baby boomers.
Maintaining independence. Remaining self-sufficient is a major retirement goal for most baby boomers. But they also worry that they might eventually need help. Many Americans over 50 (41 percent) are focused on staying in their own residence as long as possible. However, almost as many seniors (39 percent) are exploring alternative housing options that require less personal upkeep or offer extra services and 94 percent say it's important to live in a place with long-term care services that allow aging in place. Some seniors (29 percent) are also concerned about their ability to continue driving as their health or vision deteriorates. In addition to providing for their own needs, some baby boomers need to provide care to aging parents, other relatives, or a spouse. Over half (52 percent) of those surveyed are worried about their ability to provide financial support for family members, while also supporting themselves.
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