Do you want to age in your current home, downsize to a smaller home or apartment, move to a senior community or move in with family? According to Sheri Samotin, author of Facing the Finish, most seniors wish to live independently for as long as possible in their own home. Unfortunately, this is not always possible given one’s health, finances, and family situation. All of these factors must be considered when you are deciding where you should live.
First, you must consider your health. Will your home be safe and comfortable as you age? Look at your current home. Are there stairs to get to your bedroom? Is there a bathroom on the first floor? Can a bathroom accommodate a wheelchair? Can you make modifications to your home? Do you have a support system if/when it is not safe for you to drive?
Beth Carroll - CPA
Member of: AADMM AICPA, RISCPA