What Do You Envision for Your Housing in Retirement?
Establish a clear vision for your retirement with your spouse before you choose where you want to retire. What will your retirement income be like? Your financial advisor should also be part of the conversation. Understanding how to budget for housing and how a retirement portfolio affects your overall budget is important, as is using your savings retirement as wisely as possible. It’s important to go into it having consulted with family members and clearly laying out a plan for how funds, such as savings accounts, will be used.
Are You Prepared To Downsize?
The monthly payment, utility and repair costs of a smaller home are significantly lower. Assisted living or nursing home costs may also be covered with funds freed up as a result. Simplifying your life and enjoying hobbies or trips is easier with a smaller home. Moving can be difficult, however, because the family can be attached to the home. Check out this helpful checklist from SeniorLiving.org to get an idea of how prepared you are for a move.
What Are the Available Senior Living Options?
At Charles E. Smith Life Communities, we offer a wide range of services and a setting ripe with amenities. Living in Bethesda never felt so right!
Our senior living communities provide a full range of services and living options to consider as an alternative to aging in place. Senior living options generally include the following:
- Independent Living
Retirement communities that offer independent living are geared toward retirees who are active and independent. Fitness centers, beauty salons and restaurant-style dining are some of the available amenities at locations like these. - Assisted Living
Older adults stay largely independent in assisted living retirement communities, but the truth is that those there often need daily help. Meals, laundry, housekeeping, and transportation are common services offered at assisted living communities. Residents may need assistance with certain activities of daily living (ADLs), but they don’t need 24-hour medical care. - Memory Care
Memory care services are one step on from assisted living and generally thought of us as the step that follows. In this setting, residents get additional help with meals, leisure programs and ADLs. - Long-Term Care
In our long-term care setting, Hebrew Home of Greater Washington, CESLC approaches seniors with an empathetic, person-centered approach that respects and cares for them. Our residents have everything they need to live their best lives, from expert medical care to spiritual and social programs.
Charles E. Smith Life Communities Is Here for You
Charles E. Smith Life Communities’ network of houses has been caring for older adults since 1910. We offer a full suite of care services, including independent living, assisted living, memory care, post-acute care and long-term care. We invite you to schedule a tour and meet our award-winning team.
