Retirement Planning and How Seniors Can Stay Safe in Winter

January 24, 2023

Retirement planning could go awry if seniors were to have an accident, incurring expensive hospital bills. Winter often brings beautiful scenery and a welcome relief from the heat of summer and fall. For all of its pleasantness, though, there are some winter-related items to consider. Safety may be a unique concern for seniors during this time, and increased expenses may throw a wrench in your retirement planning and savings strategy. The added expense of heating can cause costs to rise as well. Inclement weather can increase the risk of accidents. Despite these challenges, keeping everyone including seniors safe in the winter months is imperative, and the following four tips can help.

Enhance Retirement Planning By Winterizing Your Home

Winterizing your home is one of the best ways to prevent wintertime hazards. If your windows or doors allow a draft to pass through, you're losing heat, and your energy bills will make this problem evident. When energy bills are higher than usual, they can cut into your budget and compromise your ability to save for retirement. It's also a safety risk to seniors because poor insulation may lead to condensation. Condensation could cause mold, which poses a health risk. Fix this issue promptly by caulking windows or reinforcing door thresholds.

Ensure You Have Sufficient Prescription Refills

As it gets colder, you won't likely venture out — and with good reason. If you plan to minimize your regular errands, you should ensure that you have enough refills on your current prescriptions. It is essential for seniors who have prescriptions for conditions like diabetes or thyroid issues. These issues can cause you to feel cold more acutely. If you don't have your medication, you may be even more susceptible to suffer with lower winter temperatures.

Find Ways To Stay Warm

You're not alone if you're concerned about exorbitant energy bills in winter. If you rely on gas to heat your home, you could see a spike in costs as dramatic as 32%. Getting too cold can dramatically increase seniors' risk of hypothermia You must stay warm without relying exclusively on your home's heating system. It's a solid idea to keep a warm pair of socks on your feet at all times and wear layered thermals too.

Enjoy Retirement By Staying Inside

Whether you're planning for retirement or already enjoying retired life, winter is a great time to enjoy the great indoors. Although there are certainly wintertime risks that exist in the home, most hazards emerge outside. It is especially true if you live in an area prone to snow or ice. Snow and ice can accumulate on the ground, significantly increasing the risk of slip-and-fall accidents. For seniors with more fragile bones, these accidents can cause grave injuries. Avoid this possibility by staying inside as much as possible.

About 1891 Financial Life

At 1891 Financial Life we don’t just sell policies, we offer possibilities. We pride ourselves on giving back to the communities that we serve by providing quality and comprehensive insurance solutions. We are a not-for-profit life insurance Society, which means the sales from these financial service products help fund member benefits along with social, educational, and volunteer programs designed to respond to community needs.

Our portfolio is extensive, ranging from various life insurance policies to our MYGA to support your financial needs no matter what stage of life you’re in. For more information, contact us at (855) 804-7424.

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