Truth be told, talking about transportation at this phase of life can be a touchy subject.
Giving up driving can feel like you are surrendering a huge piece of your freedom. But truth be told, with so many resources these days, giving up the responsibility of car maintenance, car payment, gas, and insurance can actually provide a different kind of freedom.
Rideshare programs like Uber® and Lyft® are just two options. (Who wouldn’t want to be picked up and dropped off without having to worry about parking?)
Plus, now that you can schedule your rides, you can eliminate the wait for a driver to accept your request!
If you are looking to hop about downtown, bigger cities have pretty good public transportation. Everything from buses to trains (or subways), make it easy to navigate densely populated areas that would normally make parking a nightmare.
Typically, there are also resources specifically geared towards seniors, such as car services and shuttles.
Either way you look at it, there are a lot of options out there, and it really comes down to your lifestyle and what would be the best and safest option for you.
Talk to friends, family, and your mentor to help you decide what will be best for you, and how to make the transition as easy as possible.
This material was prepared by Bill Good. Bill Good is not affiliated with Bailey Wealth Services or LPL Financial.