Solo aging isn’t a tragedy, it’s your chance to live life on your terms. No in-laws interfering with your decisions, no obligatory holiday drama, and full control over the TV remote.
But to be honest, solo aging means you’re in charge of everything, from healthcare to home maintenance.
By 2050, 1 in 5 people in the U.S. will be 65 or older, according to Statista. The key is simple: plan ahead, and you’ll enjoy freedom without unnecessary stress.
With the right approach, you can simplify this journey with confidence and independence.
Take Charge of Your Healthcare
You must make sound decisions about healthcare if you don’t have built-in advocates. And you’re not alone in this journey. According to the U.S. Census Bureau, nearly 3 in 10 adults aged 65 or older lived alone in 2022.
Find a doctor you trust and stay on top of your insurance options. Set up a medical power of attorney so someone reliable can step in when needed.
Keep a record of medications, allergies, and medical history in an easy-to-find place. Share it with trusted friends or family. Use telemedicine for convenient care when staying in feels best.
Manage Finances and Legal Affairs
Managing money solo means staying sharp with budgeting and future planning. The retirement savings gap widened. Only 1 in 10 low-income households (ages 51-64) had savings in 2019, down from 1 in 5 in 2007.
You can work with a financial advisor to strategize retirement, manage investments, and protect your assets.
It’s necessary to sort out essential legal documents like a will, power of attorney, and advance directives. This ensures people are aware of your plans and wishes.
Check your beneficiaries on financial accounts to avoid surprises and keep control over where your money goes.
Build a Reliable Support Network
Being independent can be your choice but, human connections are essential. It’s necessary to have a good support system around you.
Participating in social groups can help you in building a positive support system. Being around individuals from various backgrounds can help you in improving your life.
Look into online groups for solo agers to seek advice, assistance, and perhaps even a couple of virtual happy hours.
Decide Where to Live
Your current home might work now, but will it suit you in 10 or 20 years? Stairs, maintenance, and accessibility can become problems.
It is time to think about downsizing or moving into a senior community with social activities, transportation, and healthcare access.
Planning is key. Being proactive about your living situation now can help you maintain independence and avoid unexpected financial stress later.
Stay Social and Active
Don’t let isolation sneak into your life. Meet new people, join clubs, or take classes. Volunteering keeps you active and helps others at the same time.
Pets count too! A dog will get you out walking, and a cat provides endless entertainment (and judgment).
Plan for Long-Term Care
Long-term care costs in the U.S. are rising fast. In 2022, over half of surveyed adults said they couldn’t afford the $100,000 annual cost of a nursing home.
By 2023, LTC costs ranged from $64,200 for assisted living to $116,800 for a private nursing home room, leaving many struggling financially or even facing bankruptcy.
Don’t wait for the last moment when you are in a pickle. Start planning early.
You can explore Medicaid or Veterans’ benefits are available to subsidize costs. Planning leaves you in the driver’s seat, deciding what is best for you, and not having to scramble later on.
Make Your Home Safer
Simple adjustments will help you stay safe. Install grab bars in the bathroom, upgrade lighting, and remove trip hazards (yes, even that rug you love).
1 in 4 older adults experience a fall each year. So, having a medical alert system with fall detection can be a lifesaver.
These devices instantly notify emergency services or a trusted contact if you fall and can’t get up. Many also come with GPS tracking, ensuring help reaches you quickly.
Get Help with Daily Tasks
Cooking, cleaning, and errands can become exhausting. Instead of struggling, hire help or use senior services in your area.
The U.S. home healthcare services market, valued at $95.45 billion in 2023, is projected to grow to $176.30 billion by 2032, with a CAGR of 7.2% from 2024 to 2032.
Grocery delivery, ride-sharing services, and meal programs make life easier. There’s no shame in outsourcing!
Plan for End-of-Life Decisions
It’s not the most exciting topic, but planning funeral arrangements, medical care preferences, and asset distribution saves stress for everyone (including future you).
Pre-pay for funeral expenses to prevent financial strain. Organize your important documents so people follow your wishes exactly as you intend.
Embrace the Perks of Solo Aging
Aging alone means total freedom. Want to travel, learn a new skill, or move to a sunny beach town? No one’s stopping you.
Retirement is yours—design it exactly the way you want.
