Going Solo: Making a Plan for Retiring Single
The good news is that solo seniors are generally happy. The less good news is that many have not planned enough for their future, which may put their well-being at risk as they face the challenges of aging. There are several steps, however, that solo seniors can take to bridge the gap and keep living fulfilling and rewarding lives.
What Is a Solo Senior?
A solo senior is generally defined as someone who is older than 50 and has no spouse or children to support them. According to AARP, about a third of people aged 50 and older now live alone and either don’t have children or can’t depend on them. AARP reports that millions more are married without children and will eventually be on their own after their spouse dies.
The Realities of Retiring Solo
Solo seniors face the same realities that those with family do, but they lack the built-in support network to depend on as they age. While it benefits everyone to plan for their future, solo seniors have to be more creative and forward-thinking when planning for their later years — a reality that’s outlined in this New York Times article. According to the article, only about 40% of solo seniors have stated who can make financial and medical decisions on their behalf. Less than 20% have made plans for continuing care should they need it.
Single Senior Retirement
Happily, having family nearby isn’t the only solution for solo singles. With good planning, you can ensure that you continue to live as you wish. Experts recommend having advance directives outlining your wishes about medical treatment and end-of-life care; a will that specifies how you want your assets distributed after you die; and a health care proxy and durable power of attorney that names people you trust to make medical and financial decisions if you are incapacitated. Finally, you’ll want a letter that fills in any gaps such as who will care for your pet and who will receive special possessions such as jewelry or books.
Solo But Not Alone
Being single doesn’t mean being lonely. Senior living communities — like Crestwood Manor in Whiting, New Jersey — are aware of just how many solo seniors there are and make a point of catering to them through a wide variety of engaging activities, lively events, and fun outings. Just check out the monthly activities calendar to see the many options ranging from trips to Atlantic City to yoga to birthday breakfasts.
Going Solo at Crestwood Manor
At Crestwood Manor, we recognize the importance of making meaningful connections. Throughout the year, our community fosters a sense of belonging and engagement through carefully planned activities, our holistic LivWell program, exceptional services, and a wide array of amenities. From social events and wellness programs to cultural outings and local attractions, every aspect of life at Crestwood Manor is designed to create opportunities for residents to build lasting bonds and enjoy a vibrant, connected lifestyle all year long. Contact us today to learn more about our welcoming environment and how we make every day special for the seniors who call Crestwood home.
