For older adults, financial stability can be especially important because employment income may decrease or disappear after retirement. At the same time, housing, healthcare, food, transportation, and everyday expenses continue.
Having a realistic financial plan can therefore provide something extremely valuable: peace of mind.
Financial security does not necessarily mean being wealthy.
It can mean knowing where your money comes from, understanding your regular expenses, avoiding unnecessary debt, and having a plan for unexpected costs.
Planning ahead can help older adults maintain control over their choices.
For example, someone who
