You’re not alone if you’re drawn to the sense of community and enriching activities offered in senior living. Yet you may be wondering how retirement residence fees compare to the costs of staying at home. Many are surprised to discover that the costs of seniors living at home — even without a mortgage —add up when you factor in property taxes, restaurant bills, membership fees and year-round household maintenance. Our easy-to-use planner helps you do the math, so you understand how to finance senior living.
This senior living financial planner reveals:
To help you and your family compare your living costs now to potential retirement living fees, fill out the charts in our planner. To do so, you’ll need:
Download the financial planner by filling in the form today to gain a better handle on how to fund retirement living through a variety of income sources, such as:
When you add up all income sources — and consult a financial or tax planner about potential tax benefits of moving into a retirement residence — you’ll gain clarity about what you or your loved one can afford. That knowledge, combined with an understanding of current expenses and what full-time care at home could cost if required in future, will help you determine the value of a premium senior living residences near you.