Aging in Place vs Assisted Living: Which is Right for your Retirement?

#retirement_transformed #retirementcouple #retirement
Today we are discussing the pros and cons of aging in place versus living in an assisted living facility later in retirement. This is a topic that we know is hard for many retirees to think about and to discuss with their partner or even their families. But there are many reasons why one or the other might be the best choice for you. Thinking about your options and discussing your feelings ahead of making the decision can help in the long run and while the final decision isn't always our own.
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CHAPTERS
00:00 Introduction
02:23 Advantages of aging in place (at home)
02:32 Embrace independence and autonomy
02:57 Social connections
03:52 Sense of belonging
04:35 Personalize your care
05:04 Emotional well-being
05:44 Cost advantageous
06:40 Disadvantages of aging in place at home
06:44 Safety
07:26 At-home care costs
08:04 Home modification costs
08:34 Limited access
09:22 Limited social opportunities
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ABOUT RETIREMENT TRANSFORMED
Husband and wife duo, Mark & Jody Rollins, inspire and serve as personal guides to meaningful, transformational journeys for individuals who are planning for, going through or are living in retirement. This is everything in retirement beyond your financial plan.
We are not financial advisors or medical experts. Any advice we give is our own and should not be taken as professional advice. This video is for informational and entertainment purposes only. Please seek professional assistance before making any financial decisions or changes that can affect your physical or mental health.
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[@alicenieto3162]

So far my husband and I are very blessed. I’m 71 (a mini cougar) my husband is 64. We are pretty healthy right now and remodeled our home keeping in mind that we want to age in place. My husband built our shower with no step in and very large in case either of us needs a wheelchair down the road. I’m pretty new to your channel and appreciate all of you advice and insight. Thank you guys for all the information you share.

[@DG20556]

I am a retired RN, with 35 years experience working in skilled nursing facilities, assisted living and memory care facilities. I have worked with many families dealing with this very hard decision. When we sold our house and moved, we had a list of things we wanted for our new house to age in place, and we were very lucky to find a house that has all of the things on our list. When looking for a assisted living/memory care, I would recommend fully researching several facilities as they are all very different, and be sure to meet with the administrator and nursing/care director before making a decision.

[@RetirementTransformed]

This is helpful advice. Thank you.

[@donnaallgaier-lamberti3933]

I understand that most of us want to retire in our own home. The thing that bothers me about this is that this puts the full burden of care on the family. If Medicare covered "SOME" of the costs that would be very helpful.

[@RetirementTransformed]

Yes as we age we don’t want be to a burden to anyone. It’s a tough challenge for all to find the right balance.

[@laurie2218]

58 & 66? You both look great!

[@RetirementTransformed]

Thank you Laurie. We appreciate you being here with us on our journey

[@conniebueter9052]

My mom is at home alone at 93. Even though she has her pets and someone in daily but she is alone a lot .

[@waterlilylockman246]

You need to discuss CCRCs.

[@normastafford9716]

We Asians -americans do let our older parents live with one of the children … the one who is not so busy anymore working …

[@RetirementTransformed]

That is such a great philosophy that we all can learn from. We hope to end up close to at least one of our children as we age.