preparation for old age; preparation for retirement
Refers to practical, financial, and emotional preparations for later life and retirement.
As preparation for old age, I started thinking about where to live after retirement.
My parents include end-of-life planning in their preparations for old age.
Compound of 老い (oi, 'old age') and 支度 (shitaku, 'preparation'). The exact historical derivation is uncertain, but the word is a modern coinage reflecting contemporary concerns about aging.