Mr. and Mrs. Smith knew they needed to start planning for their retirement, but there was never enough time or enough money. At 75, there was no money left, their health was failing and they were afraid to ask their children for help. They waited too long to have the tough conversations, and their options shrunk significantly.Mr. and Mrs. Smith could be anyone, but a little planning can help everyone weather the financial, emotional and health challenges associated with old age.
Nearly 37.3 million Americans were 65 years or older in 2006. By 2030, that number will double to 71.5 million people, representing more than 20 percent of the U.S. population, according to the Department of Health and Human Services Administration on Aging. In Texas, nearly 4 million of us will be over 65 years old in 2020, according to a Texas State Data Center projection.






