As seniors reach retirement age, they’re often excited about the prospect of rest and relaxation. However, some seniors may be hesitant to retire due to financial or social worries. If you notice your aging loved one resisting retirement, the following concerns may have something to do with it.
Worries about Boredom
Plenty of seniors are still active at the age of 65, so they might worry about what they’ll do during retirement to keep them occupied throughout their golden years. When people have spent most of their adult lives occupied with work, the idea of having too much free time can seem intimidating. If fears of boredom are preventing your loved one from retiring, find new hobbies he or she may enjoy.
Desire for a Better Pension
Typically, if a senior receives a pension after retirement, it’s based on how long he or she has worked for his or her employer. Staying for a year or two past the normal retirement age can bump seniors into a higher category so they can collect larger pensions to live on.
Lack of Sufficient Income
With a few exceptions, most aging adults experience drastic reductions in their incomes after they retire. Even with pensions, retirement accounts, and social security benefits, many seniors don’t have sufficient monthly income to sustain the lifestyles they’ve enjoyed in the past. Living on limited fixed incomes can be especially difficult for older adults who have chronic medical conditions or require assistance to be able to age in place.
If you have a senior loved one who needs help maintaining a high quality of life while aging in place, reach out to Home Care Assistance, a leading provider of in-home care families can rely on. All of our caregivers are bonded, licensed, and insured, there are no hidden fees, and we never ask our clients to sign long-term contracts.
Need for Continued Benefits
For some seniors, the benefits they get through their employers are one of the most important reasons to delay retirement. This is especially true when it comes to health insurance because insurance coverage offered by employers is often more comprehensive and allows more freedom of choice than Medicare does. In addition, continuing to work can help seniors build their 401ks or pension plans, allowing them to eventually retire with more money.
Concern about Losing Friends
After years of working, many seniors find most of their friends are work associates. Some fear they’ll be lonely and miss their friends once they retire. Support and friendship are important aspects of life that make retirement more enjoyable, which is why retired seniors might benefit from joining clubs and organizations.
For families living in New Hampshire, respite care can be a wonderful solution when their aging loved ones need companionship and socialization a few hours a week or just need minor assistance with daily household tasks. At Home Care Assistance, we thrive on helping seniors maintain their independence while living in the comfort of home.
Lack of Savings
Retirement is only possible if your loved one has enough savings to enjoy it, and this can be a challenging feat. Mortgages, medical bills, home care expenses, and other financial concerns may prevent seniors from retiring and cause them to work longer. Encourage your loved one to schedule an appointment with a financial advisor who can plan for his or her retirement.
Many older adults become susceptible to age-related illnesses after retirement. Consider hiring a professional caregiver if you need someone to monitor your loved one’s health. The type of senior home care New Hampshire seniors need can vary. Some need assistance a few hours a day, while others require more extensive around-the-clock assistance. At Home Care Assistance, we tailor our care plans based on each senior’s individual care needs, and the plans can be adjusted at any time. If you’re looking for a comprehensive in-home care plan for your loved one, call (603) 471-3004 today