Housing

Make planning for your future housing needs one of your first priorities since where you live in retirement affects not only your income, but also your emotional, social, and physical well-being. It is an important part of your overall retirement strategy. You might consider relocating to an area with lower living expenses, or transforming the equity in your home into income by taking out a reverse mortgage.

When deciding on housing, the most important factor is to know your likes and dislikes. What is most important in your life? Choose a home that will allow you to continue these interests. Evaluate your needs, desires, and resources, and determine your housing options according to these factors. Below are some options to consider:

• Vacation home

• Living with family

• Adult day care

• Apartment/condominium

• Residential

• Assisted living

• Home care

• Nursing/rehabilitation

• Continuing care retirement community

• Hospice

 

Senior Housing Resources and Links:

 

Making the Transition Resources and Links:

  • Membership organization for Senior Move Managers. NASMM members specialize in helping older adults and their families with the daunting process of downsizing and moving to a new residence. www.nasmm.org
     
  • Caring Transitions offices nationwide manage Senior Moving, Downsizing and Estate Sales, including full or partial liquidations of personal and household items. www.caringtransitions.net/newyorkny
     
  • Designation by the National Associaiton of Realtors for Realtors who have successfully completed a series of educational courses on how to help seniors and their families with later-in life real estate transactions.  www.sres.org