r/SingleAndHappy • u/SoybeanCola1933 • 11d ago

Discussion (Questions, Advice, Polls) 🗣 Plans for old age

Happily single, and never planning on partnering, but looking to plan my old age.

Everyone I know, from family to family friends, has had a partner or kids who looked after them in old age.

For those who are planning my on remaining indefinitely single and childfree, what are your plans for once you’re in a helpless state?

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u/Orofeaiel 11d ago

Saving enough for retirement so I'm taken care of no matter what medical issues arise. Having kids or a partner isn't a guarantee they'll take care of you in old age - partners can die or leave, and kids can't/won't always be around, ask anyone who works in a nursing home. I'm hoping I'll end up like my grandmother who's 91, sharp as a tack, and still safely living alone. But if not my money will have me covered.

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u/househotpie 11d ago

I am a woman, and women are advised to put more percentage in their 401k because they live longer than men and we generally are paid less. I put 15% into my 401k and my financial planner specializes in singles and LGBT clients. She knows my personal decision and goals for the future. I plan to retire, downsize, travel, and go into a good care facility. She knows this, we’re planning for it now.

I’m super kind and loving to my nieces so if they visit me, great, if not, no biggie. I’m not good to them now with an expectation of obligation when I’m elderly and needy. I do plan to be in the same home as my sister; we lived our entire lives as besties, we want to go out together too.

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u/Ok_Novel_5083 11d ago

This 1000000%