As married people age there are topics that are hard to discuss, including the topic of what to do about living arrangements as they grow older and need more care. As hard as these conversations can be, it’s important that both partners be on the same page about aging in place or assisted living.
When planning for retirement and assisted living there are several things to consider, and it’s necessary that you and your partner share the same vision and goals.
First, it is essential to have a solid financial plan for retirement that includes saving, investing, and managing expenses. You need to ensure that you have enough money to cover your living expenses in retirement and potentially the costs associated with assisted living. You may also consider purchasing long-term care insurance to help cover the costs of assisted living or skilled nursing if necessary.
In addition, make sure your legal and estate plans are in order. This includes drafting a will, assigning a power of attorney, and creating a healthcare directive. While this type of planning isn’t fun, it’s vital to retirement planning.
When planning for a retirement community or assisted living, it is important to consider the location. You may want to be close to family, friends, or medical facilities. Also, consider the cost of living in the area. The Midwest, and Kansas in particular, has some of the lowest cost of living in the nation. In addition, visit some of the facilities you would consider. Do you like the community? Are the campus and facilities well maintained?
A continuing care retirement community such as The Cedars offers living options for all stages of your retirement needs. We have independent senior living, assisted living, healthcare living or skilled nursing care, and memory care. As you age, you can move seamlessly from one type of residence to the next, which is easier on you and your loved ones.
Further, consider the type of healthcare you may need in your retirement years. Research Medicare and other health insurance options to ensure you have the necessary coverage. Not all retirement communities accept Medicare, so if that benefit is part of your retirement plan, be sure to note what is covered.
Overall, it is essential to have a comprehensive plan that considers all aspects of retirement and assisted living, including financial, legal, and estate planning, location, and healthcare. It is also important to revisit and adjust your plan as your needs and circumstances change over time.
You can schedule a tour of The Cedars to see if our continuing care community is right for you. Call us at 620-241-0919 to learn more and set up a time to see our campus and amenities.
