Meet some fellow Texans who are planning ahead to meet their long-term needs and learn whether their strategies might work for you.
David & Carolyn
Ages 58 and 54
David and Carolyn are successful business owners with no immediate plans to retire. They have two adult children and three young grandchildren.
- Protect their assets and provide an inheritance for their family.
- Would consider retirement housing when they are ready to down size.
Starita lives with a partner and has no children. She is employed full time and coordinates care for her aging parents, who live in their own home.
- Maintain her independence as she ages.
- Stay in her home as long as possible.
- Avoid a nursing home just like her parents.
Recently widowed, Julia lives with her son and his family. She works part-time and plans to continue working until age 70. Julia’s mother, who is 89, lives in a nearby assisted living facility.
- Enjoys living with her son and family but does not want to depend on them for daily care.
Jose & Evangeline
Ages 55 and 53
Jose, who works full-time, has type 2 diabetes that is controlled with diet and medication. She has always been an active volunteer and was the primary caregiver for her father, who had Alzheimer’s and lived with them until his death.
- Remain together and take care of one another as long as possible.
- They would prefer to remain in their hometown, where they have many friends, rather than move out of state to be closer to their children.
Married with two adult children, Robbie is employed full-time and plans to retire at age 65. She recently got a clean bill of health from her doctor but has three siblings who are currently undergoing cancer treatment.
- Maintain autonomy over her living and health-care options.
- Avoid nursing home care if at all possible.
This is not a paid endorsement.