Building a Self-Sufficient Retirement

Trevor Lawson explores the unique financial and logistical strategies necessary for a successful retirement without children. With child-free adults representing over 20% of those in their 50s and 60s, Lawson emphasizes the importance of building a "support team" of legal proxies or geriatric care managers to handle medical and financial decisions when you cannot. The discussion details critical steps for those lacking a traditional family safety net, including prioritizing long-term care insurance, earmarking funds for home modifications to age in place, and investing in social engagement to prevent isolation.References:Birds and Bees for Retirees: Families Need to Discuss Estate Planning:https://www.fa-mag.com/news/having-the-talk--families-need-to-discuss-estate-planning--fidelity-says-84998.htmlSecurities and investment advisory services offered through Osaic Wealth, Inc. member FINRA/SIPC. Osaic Wealth is separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic Wealth. Branch phone: 919-546-0400.