Affording Senior Living
IFB Member: $18
Non-Member: $23
This session begins with an overview of the importance of financial planning for senior living. It covers discussing future living arrangements and understanding the various costs involved. We will compare the benefits of retirement living and homecare, debunk the myth that aging at home is "free," and highlight the value of retirement communities. Strategies for affording retirement living will be explored, including safely investing home proceeds, funding options for those not ready to sell, additional funding resources, and available government benefits.
We’ll also addresses common financial questions including balancing costs while preserving inheritance, estimating financial longevity in retirement communities, and seeking professional financial advice. Additionally, we’ll share insights from one of our residents on how she funds her retirement living experience.
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