Chalk Talk: Exploring Retirement Housing Decisions
on May 4, 2023
“MainStreet Chalk Talk”
The MainStreet Financial Planning Discussion Club
When: Tuesday 5-16-23 at 7:30pm Eastern; 4:30pm Pacific
~30-45 minutes
Recorded and able to retrieve for one week
How: Zoom Meeting, Free to current clients; $10 for guests
Exploring Retirement Housing Decisions
Hosted by: Jennifer Bush, CFP®
As people approach retirement age, one of the most significant decisions they face is where and how they will live during their golden years. Retirement housing decisions can be complex and involve many factors, such as budget, lifestyle preferences, and healthcare needs. Some people choose to downsize and move to a smaller home or a retirement community, while others prefer to age in place and modify their existing home to meet their changing needs. Each option has its own benefits and drawbacks, and it’s essential to weigh these carefully when making a decision.
Retirement housing decisions can also have a significant impact on an individual’s financial security. It’s important to consider the costs associated with each option, including home maintenance, healthcare expenses, and long-term care costs.
By exploring retirement housing decisions in-depth and seeking out expert advice and resources, individuals can make informed decisions that align with their goals and values. Whether downsizing, moving to a retirement community, or aging in place, taking the time to carefully consider all options can help ensure a fulfilling and financially secure retirement.
Topics Include:
- What are some considerations when choosing a retirement home?
- What are some common housing options for retirees?
- How much can you afford to spend in retirement?
- What resources are out there to help?
Readings:
Exploring Senior Living – Whereyoulivematters.org
What’s Your Retirement Housing Strategy? – Kiplinger
5 Important Factors for Choosing a Retirement Location – My LifeSite
