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PALM TREE


Planning the Costs for Senior Care Here are some things to consider:


Costs increase with more attentive lifestyle options. Independent Living is typically the most affordable option with prices increasing for Assisted Living, Memory Care, and Skilled Nursing. The number of services and frequency may alter the prices. Lifestyle options will come with a set of services included in the rent, but you can often pay to add more if desired.


Planning for today and your legacy.


Although talks about paying for senior care can be emotionally charged, they are necessary. It is important to understand what services you require and everything that is included. Understanding what financial options are available can help streamline the search.


Tax and Cost Considerations


Some people enter retirement with investments in both taxable and tax- advantaged accounts. Which accounts should you draw money from first or later in retirement? To answer this question, and other retirement pitfalls, a qualified financial professional would need to review your financial situation so they can better understand your goals and risk tolerance.


A few financial adjustments may help you manage your tax liabilities. The biggest mistake is having no strategy at all. Without a strategy, you may have no goals, leaving you no way of knowing how you’ll get there—and if you’ve even arrived.


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ELDER LIVING GUIDE


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