When you are in your retirement years, you often have to deal with changes to your health and living situation. And for many people, this also means that you sometimes need help to make sure that all your needs are being met. One of the challenges of this time is figuring out where you should live, so you can receive care and have the support you need to get more out of your retirement experience.
With One of Your Kids
Many people choose to live with their children when they are in their retirement years. This is a great option for many people since multigenerational living comes with amazing benefits for all members of your family. If you just need a little help getting around, and a little company, living with one of your children can be a perfect solution. It is important to make sure that you and your child have a good relationship before you decide to cohabitate. You should also use open communication to establish expectations and get a better understanding of how your life will be in your new living situation.
An Assisted Living Facility
It is also possible that you might need more help than your children can give on their own. This is especially common if you have health concerns that make it difficult for you to take care of your physical needs. An assisted living facility can help you to have your needs met without having to deal with the worry of burdening your family. Many people choose to sell their home in order to pay for their time in an assisted living facility. Selling your home quickly to an investor lets you save on commissions.
If you know that you are going to need occasional help during your retirement, but you don’t need constant access to support, it can help to live near your family. Living in the same town or neighborhood as your family members can give you access to them when you need them without overcrowding yourself. This can be a great option for people who are generally independent but need help taking care of some things around the house. The more you can find a balance between alone time and family support, the better it will be for you and your family.
Taking care of yourself can be difficult, especially when you are on your own. But you don’t have to be. When you have people you trust to keep you safe, you can enjoy your retirement more and have a better experience in your later years.
Check out this article on how to fill in gaps in your retirement plan!