Sure, Dorothy had us all dreaming of home in “The Wizard of Oz” when she clicked her ruby red slippers and exclaimed, “there’s no place like home!” But the 75 percent of seniors who plan to live in their current homes for the rest of their lives may be surprised to learn aging in place is not necessarily the best option.
As an adult child or loved one making the emotional decision if your aging parent should remain in his or her home, weighing costs is the primary concern. Some of the costs associated with aging in place are well known, but what about the hidden costs?
Before helping an aging senior make the decision to age in a community or age in place, consider these resources that address the hidden costs of aging in place.
7 unexpected financial benefits of living in a senior living community. This free e-book addresses numerous costs related to aging in place for the senior and for his or her loved ones who may be providing care. Complete the form above to download your free copy today.
From around the house: Signs it may be time for mom or dad to move. Does your aging parent have a growing collection of clutter in the basement? Is the yard thirsty for water and some TLC? These – and other signs – may mean it’s time to consider senior living options for mom or dad. Check out this infographic to learn the signs for which you should keep an eye out.
Senior living: What does it really cost? The number one concern when researching senior living options: cost. With so many options available for seniors, making the decision can be emotional and stressful. In this article, learn about three items to keep top of mind when evaluating what you or your senior loved one will spend on retirement living. Read on.
Retirement cost of living calculator. Holiday Retirement has developed an easy-to-use calculator to help you or a loved one compare the cost of aging in place to the cost of aging in a community. Get started.
The suggestions and advice provided on this website and in the e-book should be considered general in nature and not specific to any individual. Holiday Retirement does not hold itself out as licensed or certified to provide financial planning, or financial, tax, or legal advice of any kind. Holiday Retirement does not guarantee that following the suggestions or advice on this website or in the e-book will yield any specific result. All warranties regarding any suggestions and advice are expressly disclaimed and provided on an “as-is” basis. Before making any choices that affect your personal finances, you are strongly encouraged to consult your personal tax, legal, and financial planning professionals.
Need even more resources on senior living options? Check out our Financial Resources articles, or get in touch with us to learn more about a Holiday Retirement community near you or a loved one.