Living Well, Aging Well

Finances are only one part of a comprehensive life plan. Use these questions to help you strategize more broadly about your future wellness.

Health & Wellness

We’re getting older, we’re living longer, and we’re changing what it means to age. We’re also entering new territory. How do we plan for longevity, what does it mean to age well, and how can we—and those we love—live safely, securely, and independently for as long as possible?

At Fidelity, we believe true retirement readiness is about more than savings and investments. It's about living—and aging—well. A comprehensive plan needs to address longevity, health care, and end of life as moments that matter for you, your family, and your finances. And we believe your plan is only secure when your aging loved one’s plans are too.

  • What kinds of health and wellness activities (walking, yoga, group exercise class) do you regularly do?
  • Do you practice meditation or similar techniques for relaxation and stress management?
  • What medications or supplements do you take?
  • How much do you know about health conditions that run in your family? What about in your spouse's/partner's family?
  • How active and varied is your social life?

Next steps

Finances

  • Do you and a loved one work together on daily money management (budgeting, bill paying, and banking)?
  • How do you organize your financial records/account information?
  • Could your loved ones easily access this information if they needed to?
  • Have you estimated your retirement costs of living (e.g., health care, caregiving, home maintenance, supplemental services, etc.)?

Next steps

Caregiving

  • Who might you become physically or financially responsible for?
  • Do your financial plans have the flexibility to allow you to care for someone else?
  • Do you have a strategy in case of unplanned early retirement?
  • Are you familiar with the steps involved in assuming responsibility for someone else's finances?
  • Who would become physically or financially responsible for you in the event that either you or your spouse needed help?
  • Have you discussed with loved ones what your wishes are if you become unable to live independently?

Next steps

Documents

  • Do you have current and complete copies of:
    • Health Insurance Portability and Accountability Act (HIPAA) authorization form
    • Health care proxy
    • Will or testament
    • Living will
    • Power of Attorney (POA) paperwork
  • Could your loved ones easily access these documents on your behalf?
  • If something were to happen to you, would a family member or loved one know where to find these documents:
    • Bank and credit card statements
    • Documents related to home, auto, or life insurance
    • Deeds to property, car title, mortgage
    • Important personal documentation (birth certificates, Social Security cards)
    • Divorce settlements
    • Tax returns

Next steps