Most major lifestyle changes are accompanied by some serious financial considerations and decisions. That college degree might have involved a student loan. Marriage may have led to a joint bank account. Turning 65 involved learning all about Social Security.
But the way you paid for your schooling was probably different from the way your best friend did it. Many married couples choose to keep their finances separate. And you may have different retirement savings plans than your neighbors.
The same is true for senior living. There is no one right way to finance this lifestyle. For many residents, the move to a senior living community involves selling one home to help pay for another. But that’s not true across the board. The key to financing your ideal lifestyle is to find the strategy that works best for you.
Use the resources in this section to explore financial planning for senior living or look to be.group’s partners in the be.free program for complimentary financial planning assistance.