Thursday, April 22, 2021

Assisted living from a different perspective 2

One of the realities of your retirement is that you and your friends are probably experiencing the same financial and health stresses that worry you. There are various ways to use co-housing as a method for addressing your shared concerns and create a community to meet your needs.

You could:

·  Buy or rent a home with friends and spread responsibility for chores across residents.

·  Live with friends and hire people for cooking and cleaning and share the costs.

·  Rent out rooms in your home and hire the services that you and your residents need.

·  Help family members do any of the above.

·  Explore more about co housing:

o  The Golden Age of Golden Girl Style Living

o  Explore the Golden Girls Network (Canadian Branch,

 

Getting creative is almost always a good idea, but a good plan and a good plan B is a better tactic.  Besides, retiring to a Holiday Inn or travelling the world on a cruise ship will only get you so far.

However, creating a financial plan for growing old is one of the key objectives for retirement planning. Some people have enough assets to pay for long-term care out of pocket, the rest of us need to explore other possibilities. The idea is to stay as creative and as open-minded as you can, remember retirement is a journey not a destination.

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