Have you thought much about how you want to live when you can no longer, or don't want to maintain your home? How far down the road have you thought about? 65? 75? 90? It’s great that we have a 401(k), IRA’s and other retirement options.
Let's face it, during our income producing years we count on money coming in from employment (this includes the self-employed) to cover our monthly obligations and our future retirement. When retirement comes, we now have to figure out how to put all the pieces of the puzzle together - how much to pull from retirement accounts, health care options, resuming those activities you put off until you had more time etc. But there is more. What about long term when the time comes that alternative housing or assistance is required. Long-term care isn't just an insurance policy. Long-term care occurs when you can't do the normal day-to-day events on your own and help needs to be hired. If that happens, then what? Now is the time to start educating yourself about what options are available and put a plan together. Too many people do nothing and their adult children, or other family members or friends have to search out options in a short window of time. You may find you don't like what they select.
What should you do? Start reading and learning about options. Here is a good place to start:
http://www.longtermcarelink.net/