GENERATIONS
D2 | WEDNESDAY, SEPTEMBER 15, 2021
WEST CENTRAL TRIBUNE — WILLMAR, MINNESOTA
Looking to retire early? $VN \RXUVHOI WKHVH IRXU TXHVWLRQV ĆUVW The pandemic has changed our lives in numerous ways. As a result of all the upheaval, many people are reassessing their priorities and thinking about early retirement. According to Pew Research, 28 million baby boomers retired in 2020 and a recent study found 39% plan to retire by 65, while 18% said they plan to retire by age 59. Before taking that step, here are four questions to ask yourself. 1. Can I afford to stop working? Look at your retirement savings, your life expectancy, your projected income and annual expenditures in retirement. You’ll want to consider unforeseen circumstances down the line that could be costly, such as the need to reside in a nursing home. Use the free retirement calculator and resources available at fidelity.com to
help you make a realistic determination as to whether you can afford to retire now, or whether you need to keep earning your full-time salary for a few more years. 2. Do I need life insurance after retirement? There is no one-size-fitsall answer here. However, those carrying debt into retirement, such as mortgages and personal loans, should consider a life insurance plan. Today, many baby boomers are financially supporting children and grandchildren and have significant debt. According to the National Council on Aging, the median consumer debt for households headed by someone aged 65 or older is 4.5 times higher now than in 1989.
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According to Pew Research, 28 million baby boomers retired in 2020 and a recent study found 39% plan to retire by 65, while 18% said they plan to retire by age 59.
WE ARE HERE
FOR YOU AT EVERY STAGE!
INDEPENDENT SENIOR LIVING
NOW HIRING
The Time of Your Life Begins Here
for Multiple Positions We have numerous volunteer opportunities such as: reading to residents, visiting, playing games or cards, assisting with bingo, giving rides, peeling potatoes with residents, sitting in on bible study, helping at picnics, special events, tending to gardens, helping with crafts or decorating, playing instruments. As a volunteer to our residents, you are counted on as one of their friends. The rewards are endless! If you are interested in becoming a volunteer, please contact Kris Nelson-Jensen, Activity Director at 320-847-7217.
1012 N Division St. Clara City 320-847-2221 www.claracityseniorliving.org
• Independent living units. • Emergency call system • Social and recreational activities along with full access to campus wide events • Noon meal and weekly housekeeping.
Apartments Available Now!
For a tour of our facility, or for more information, please give us a call. We’ll be happy to answer your questions.
Prairie Park Place
1100 Warrings Ave, Clara City • 320-847-3785
Assisted Living A Tradition in Caring
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CAMPUS AMENITIES
Secure memory care areas On-site Physical, Occupational and Speech Therapy services Large spaces for family gatherings Phone & cable access in each room Short-term Rehab Therapy Suites Assisted & Independent Living Activities offered, along with full access to campus wide events
Space Available Now! 200 Wachtler Ave, Clara City • 320-847-7208
CARE CENTER
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A Community of Compassion for Over 50 Years! Hosts individualized and campus wide activities Therapy suites to help you recover with all the comforts of home Physical and Occupational outpatient therapy with most insurances accepted • Assisted Living and Independent living attached to the Care Center • Beautiful outdoor courtyards For more information or to arrange a personal tour of our facility, please contact us today. 1012 N Division St. Clara City 320-847-2221 www.claracityseniorliving.org
