For some reason, we like the concept of planning, but making time for it — especially when it involves finances — is easy to delay. If you’re asking yourself, “When is it time to plan for retirement?” ... then the time is now. Whether you’re thinking about where you will live as you get older, or you’re helping an aging relative make decisions about independent or assisted living, time flies. Don’t put off researching retirement living options and budgeting for them. Instead, get started today with this guide from Aviva.
When planning your retirement, some conversations won't be easy. However, when families take the time to talk about the future together, with information about senior living options, it’s easy to make clear-headed choices that help everyone rest easier. Start with these considerations.
Once you have a vision for where and how you want to live, you plan for it financially.
Some experts recommend starting earlier in life, but if that option is long in your rearview mirror, don’t panic. With discipline, persistence and a few lifestyle adjustments, you can still save for retirement even as an older adult. Consider these suggestions.
Estate planning may be the most challenging but most important part of retirement preparations. Unlike financial planning, estate planning is a process you need to handle with an attorney. You will have to make difficult decisions like what will happen with your assets —and how they will be managed — when you pass away, or if you become incapacitated.
Look at estate planning as a way to protect your loved ones after you’re gone. If you don’t leave a clear plan in place, the court will get involved, resulting in high costs to your family members in time and money. Having a friend or family member by your side as you work with an attorney can make things a little easier.
Once you accomplish the hard part of planning for retirement and senior living, you get to think about the fun things you can do. Imagine relaxing and enjoying your favorite activities as part of a community. Transitioning into senior living does not mean succumbing to boredom, as some people think. At Aviva, you can continue embracing your independence, with options for other forms of support and assistance if your needs change.
As a nonprofit organization, we keep our fees low and offer a comfortable living experience in Sarasota. Rent in our independent living apartments includes all activities, utilities, wifi, housekeeping services, and one meal per day (with additional meals available at an affordable rate). If you’re ready to make Aviva part of your retirement plan, contact us for more information.
© currentYear Aviva Senior Living.- All Rights Reserved | Assisted Living Facility License# 8951. Medicare/Medicaid Certified Skilled Nursing Facility License # 130471046. The services and facilities of Sarasota-Manatee Aviva Jewish Housing Foundation, Inc. Are operated on a non-discriminatory basis, which applies to admissions, services, and employment. Sponsored by the Sarasota-Manatee Aviva Jewish Housing Foundation, Inc.