As you go through life, you may not feel a whole lot different than you did in the past. You are wrapped up in the challenges of each day and are engaged in the present, continuing to feel as though you are a relatively young person as the years pass.
However, the years are indeed passing, and this sense of perpetual youthfulness may be a bit of an illusion. At some point everyone must become aware of the fact that the age of retirement lies in wait, and preparedness can require long-term planning.
In addition to the steps that must be taken to develop the financial underpinning that you will need to enjoy your active retirement years, it is also necessary to become apprised of the eventualities that you may face during the final stages of your life.
Most people who are 65 years of age or older are going to need long-term care at some point in time, and at current prices this could easily result in a six-figure expense. Last year the average annual cost for a private room in a nursing home in the United States reached in excess of $87,000 (a figure that is higher in the Bay Area).
Everyone ages, and it takes intelligent planning to be prepared. If this makes sense to you, the logical step to take would be to sit down and discuss your future with a licensed and experienced San Jose retirement planning attorney.