Dreaming of Celebrating Independence Day in the “Perfect” Retirement House? Before You Move, Ask Yourself the Right Questions!

Happy Independence Day from your friends here at AgingOptions! Do your “Independence Day” dreams include seeking out some personal freedom in your retirement future?  Your visions may include breaking away from the familiar and moving to that “perfect” house in your favorite vacation spot or sunny hideaway. But before you take the plunge and commit…

Because of the Coronavirus, the World Has Changed Forever – and So Have America’s Retirement Communities

There’s hardly an aspect of American life that hasn’t been altered by the current coronavirus pandemic, from how we shop to how we travel to how we live. These sweeping changes are also affecting America’s retirement communities, as this recent CNBC article explains. Written by reporter Sarah O’Brien, the article explains how operators of age-restricted…

Is Everybody Thinking That Retirement is the Time to Downsize? Many of Today’s Boomers Are Saying, “Not So Fast!”

The traditional to-do list for couples approaching retirement includes several familiar elements: signing up for Medicare, deciding when to take Social Security, figuring out what to do about the 401(k), and so on. But what about selling the big family home and downsizing to the smaller house with lower costs and less maintenance? A significant…

During Times of Uncertainty, is a Reverse Mortgage Right for You? The Answer is “Maybe” – but Make Sure to Do Your Homework

Ever since the coronavirus pandemic triggered upheaval in the financial markets, we’ve seen a growing number of articles promoting Home Equity Conversion Mortgages – better known as reverse mortgages. Most of them ask, “Is now the right time for you to consider an HECM?”  In this recent NerdWallet article, financial reporter Liz Weston attempts to…

If You’re Comparing Nursing Homes, CMS’s Nursing Home Compare Website is a Good Place to Start – But You’ll Have to Dig Deeper

If you find yourself in the predicament of choosing a nursing home for someone you love, you’ll soon discover that the process is complicated, even daunting.  We’ve written about this subject before on the AgingOptions blog, but this recent article on MarketWatch provides an updated view of this important topic, so we thought it was…

“A Retirement Community That Comes to You” – New York Times Article Spotlights a New Twist on an Old Idea in Senior Living

Seniors planning for their housing needs have traditionally had a fairly limited set of choices. They could age in place, remaining at home, which is the preferred route of the vast majority of aging adults. They could move in with family or with friends. Or they could choose to live in a retirement community, surrounded…

A Housing Snapshot: Costs of Home Renovation to Age in Place Will Be Beyond the Reach of Many Retirees, New Reports Say

It’s well known by now that an overwhelming percentage of seniors want to age in place, growing old in their present home. We’ve written about this idea many times here on the AgingOptions blog, most recently in this article from last summer. However, a recently-published Kaiser Health News article combined with an updated housing report…

Should You Buy or Rent in Retirement? Consider These Three Reasons Why Renting Might Be the Smarter Choice

Here at AgingOptions, as we walk people through the LifePlanning process, one of the issues we tackle is the question of housing. The great majority of seniors are firmly convinced that the ideal housing choice for them is the place they’re living today: surveys conducted by AARP show that nearly 90 percent of adults 65…

When Aging Parents Move In With Adult Children, Planning and Preparation are Required to Avoid Conflict and Disappointment

It’s difficult to pinpoint the actual number of aging parents who – either by choice or by necessity – are moving in with their adult children, but the figure is definitely on the rise. We decided to take a look at this “reverse boomerang effect,” as some have called it, in order to let our…