Given the choice, the majority of people—77%, according to AARP research—would rather remain in their home for the rest of their lives than move to an assisted living facility. The decision, called aging in place, allows you to remain in the home and community of your choice as you age.
If planned properly, aging in place can be an empowering option that allows you to maintain independence. By leveraging technology, applications and at-home services, you and your support systems can build a network of resources to help you stay in your home.
When considering aging in place, it’s important to acknowledge how your needs could evolve over time. For instance, will you require long-term at-home care? Is limited mobility a growing concern for you? Social connections are imperative for good health, too. Have you established a network of family and friends in your community? Some other key considerations are transportation, meal preparation, medication management, home management, financial management and personal hygiene.
It’s important to take the time now to explore these potential aging in place needs and determine how you and your loved ones will financially, emotionally and physically prepare. If you need help with long-term care options and retirement planning, please contact a financial advisor at TFCU Financial Advisors today.
TFCU Financial Advisors
6501 Tinker Diagonal, MWC
(405) 737-0006
TFCUFinancialAdvisors.org
Securities are offered through RAYMOND JAMES FINANCIAL SERVICES, INC., Member FINRA/SIPC, and are not insured by NCUA or insured by any other government agency. Funds are NOT GUARANTEED nor are they deposits or obligations of the credit union or any affiliated entity of the credit union, and are subject to risk, including the possible loss of principal. Tinker Federal Credit Union, Tinker Financial Services, LLC and TFCU Financial Advisors* are not registered broker/dealers and are independent of Raymond James Financial Services, Inc. Investment advisory services are offered through Raymond James Financial Services Advisors, Inc., a nonaffiliated third party provider to Tinker Financial Services, LLC and Tinker Federal Credit Union. All investments and information are intended for U.S. residents only. *TFCU Financial Advisors is a registered trademark and ‘dba’ of Tinker Financial Services, LLC. Raymond James financial advisors do not render advice on tax or legal matters. Before investing carefully consider the investment objectives, risks, fees and expenses.