Planning Ahead to Avoid Pain Later

Planning Ahead to Avoid Pain LaterPlanning for our financial futures is something we should all take part in. You may never know when illness or death can strike and it’s better to be prepared when the time comes rather than be left with a financial burden on top of your grieving. Planning for your future doesn’t always mean funeral expenses. It can mean planning for health costs, vocational counseling, financial planning for a child’s educational costs, or financial planning for long-term income in the event of a severe injury. Each family is different and has different needs and resources available. There are no clear-cut answers to how a catastrophic event will affect your family, but it is important to begin planning now for the inevitable to lessen the blow when and if the time comes.

Planning ahead for funeral arrangements can eliminate a great deal of strain on your family members left behind. The value of “Pre-Need” arrangements can save a spouse or children thousands of dollars and time that can be spent properly grieving. Another one of the primary objective of “Pre-Need” arrangements is to ensure that the funeral is carried out according to your wishes. It doesn’t take much thought to see the value in this approach. In fact, millions of people choose to pre-arrange their funeral every year. Taking the beforehand approach can provide social, psychological, and emotional benefits to loved ones at a difficult time and allows your family to have peace of mind that “your affairs are in order.”

Not all planning has to be done to prepare for death. Albeit equally as grim, you may find yourself in a situation where you can’t work or you may find yourself in need of some sort of long-term care. People choose not to think about becoming dependent on others for care, and often times, people are just misinformed about the risks of needing care coupled with a lack of knowledge about the cost of care and payment options available. There is a very good chance that by the time you reach the age of 65 you will need some sort of long-term care or assistance, and that probability only rises as you continue to age.

Some people find it difficult to discuss these topics with their loved ones, making it difficult to explore their options and define their plans. Adult children often times find it difficult to raise these subjects with their parents for fear of feeling as if they are patronizing them, but the fact is, these things need to be talked about. Same goes for the parents of the adult children, they don’t want to make their children uncomfortable by discussing their passing or how they will be cared for in their final years. Some people realize the importance of planning ahead, but just don’t know how to go about doing so. The best way is to being with small and easy steps. Even just talking with your loved ones is a great first step toward being well prepared.


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About Bob Cantlay

I have been working for the Southern Medical Association since 2004 and hold Bachelor of Science degrees in both Business Administration & Computer Science, as well as a Masters of Management. Outside of work, my wife and two kids are the center of activity; but occasionally I get away long enough to play Ultimate (Frisbee Football). I also have a newfound interest in kayaking.

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