Everyone has unique circumstances that help determine how they can best fund senior living for themselves or their loved ones. When reviewing finances, it’s important to determine how your income compares to the expenses at a senior living community. But never fear, if income falls short of expenses, you may be able to make up the difference by tapping into savings and investments, including the current value of your existing home. But your options don’t end there. As with many financial decisions, it is always best to talk with your personal financial adviser to get all the details and customize an approach best for you.
Here are some additional resources to consider*:
When evaluating the cost of senior living, it’s crucial to evaluate all of the amenities and services that make up the all-inclusive senior living lifestyle. Be sure to use our cost calculator when considering a move to senior living, and consider the cost-savings of Holiday’s amenities**, including:
- Daily chef-prepared meals
- Scheduled transportation
- Weekly housekeeping and linen services
- Daily activities and scheduled outings
The chart to the right outlines an example of the cost savings and value of senior living for a resident in a one bedroom apartment.
Still have questions about senior living cost? Contact us to schedule a free tour.
*You may have to apply, and be accepted for some of these options.
**Amenities vary by community.