Maintaining your financial independence

When people talk about retirement, you often hear them talk about places they want to visit, hobbies they want to relearn, and ways to spend their free time. It seems like retirement is the light at the end of the tunnel for most working individual, but is it really all rainbows and butterflies? What about the other things that people don’t like to talk about? For example, does social security and medicare really cover all of our expenses? Will the monthly stipend from social security be enough to sustain your dream retirement? Will medicare cover all the medical treatments you would need as you age?

As my parents approach the ages of medicare eligibility and retirement, I start to realize there is a lot of uncertainty for the aging. Not only do they have to adapt to the ever advancing technologies, but they also have to learn how to support themselves while slowly losing their functional independence due to age. For those with families, support is just a phone call away, but what about those that don’t have any family? Who would be their support if they don’t have the savings to support themselves?

Fortunately, there are some program that are designed to help the aging population maintain their financial independence. Explore the following to learn more about your options in California.