How to help you parents plan for their retirement

Blog

Retirement represents a daunting – and often unwelcome – life change because it is usually accompanied by deteriorating health, diminishing wealth, and a curtailment of lifestyle and living conditions. This adjustment can be very difficult, and it affects not just the person or couple nearing retirement, but their children and extended family too.

As South Africa’s leading provider of retirement accommodation, we are acutely aware of the processes that families go through, before settling on a retirement plan that makes sense and addresses the needs of all involved. We have seen countless families grappling with fears, anxieties, and conflicting emotions, vacillating between eagerness and apprehension, anticipation and dread. Sadly, all too often, we’ve seen families torn apart by opposing views and strongly held opinions.

As your parents get older, you will play a vital role in preparing them for retirement. You’ll need to do your homework, and brace yourself for some tough conversations. To help you navigate this terrain, we’ve compiled a list of questions and concerns that come up frequently in our discussions with clients and their children.

  1. Where would they like to live
  2. Pride & Prejudice
  3. Letting go of the past
  4. Vulnerability to Crime
  5. Prevention is better than Cure
  6. Fear about health
  7. Aging in Place
  8. Loss of dignity
  9. Loneliness and isolation
  10. Money matters
  11. Leaving a Legacy
  12. Fear of outliving their retirement funds

At Evergreen Lifestyle we’re committed to ensuring that retirement is a happy and fulfilling chapter of one’s life. We have been working with the Life Right purchase model since 2008, and believe that we understand it better than most.

To find out more about how we can help your parents to retire happy, and free from the stress of financial worry, please contact contact Sharon today on 087 808 7000 or email info@evergreenlifestyle.co.za.