Finances are only one element to be concerned with in the safety and security of retirement. Natural disasters can happen at any moment, so are you prepared? Natural disasters are common along the southeast costal areas, which is considered America’s retirement belt. Even though disasters affect everyone, elders may be more susceptible to damages based on their frailty and where they live. Another possibility for this susceptibility is older American’s overconfidence in being able to weather the storm; due to their longevity, they have always survived previous disasters, so the upcoming ones they perceive no differently. Accordingly, most retirees should also include disaster planning as part of their retirement planning. These plans should include things like storage, evacuation plan, and family communication.
See Lacey Kessler, Is Your Retirement Ready for a Natural Disaster?, Trust Advisor, September 6, 2016.
Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.
