Comments on: How You Should Be Planning Your Retirement – For Singles

By: Neal@Wealth Pilgrim

Neal@Wealth Pilgrim — Wed, 13 Jan 2010 15:11:20 +0000

Excellent point Ann….

By: Ann

Ann — Tue, 12 Jan 2010 22:29:06 +0000

Or instead of long term care insurance, a single could investigate a continuing care community with a guaranteed committment to keep the person whether at indepentent living, assicted living or skilled nursing care levels. Often these communities require a buyin payment in order to cover the health care the person will probably need later.
I’m a single 63 year old woman and on the wait list of a quite nice one in my area.

By: Evan

Evan — Mon, 11 Jan 2010 17:03:55 +0000

Maybe it is because it is what I do, but I think there should even be more emphasis on the estate plan. If you don’t have a Will, your estate will pass via intestacy. Each state is different:

http://www.myjourneytomillions.com/articles/intestacy-state-determine-assets/

But the State will decide where your assets go. It may be a brother or sister you hadn’t talked to in years, or their child instead of your fav church or charity.

Again, I am probably just commenting since this is what I do! lol
.-= Evan´s last blog ..What is the Estate Tax Trap High Net Worth Individuals Fall into? =-.

By: Craig

Craig — Mon, 11 Jan 2010 16:54:41 +0000

This situation is different than my single situation. I am young and single, have family and would like one day to have my own family, but being young and single now and preparing my retirement accordingly. Completely different situations but it seems that if you don’t have any dependents you have no one else to worry about at all.