When you've put in decades of contributing to the workforce and paying your taxes, enjoying a comfortable and blissful retirement is everyone's right. Instead of treating retirement as something that just happens to you, shift your focus to make certain that this happens.
On average, people retire at about 60 years old. Start setting aside money and counting down the years so that you're ready and able to choose an assisted living facility when the time comes. Here's what you should know about assisted living facilities and how they can shape your retirement.
Decide why assisted living is the best idea for your health and lifestyle
Assisted living provides impeccable medical care on-site, comfortable sleeping arrangements, professionally catered food, and a community of people in your age group to socialize with. This is ideal for anyone that wants a nice mix of care and independence.
You won't be lonely, will have 24-hour care and supervision, and can be assured that your money is spent wisely. Think about your lifestyle and how an assisted living community can come into play.
Book assisted living facility tours and have a list of dealbreakers and desires
First, where do you want to retire? Choose places that are best for your money and that allows you a stress-free living. Florida is a popular state to retire because of its beautiful climate and the fact that they don't charge personal property tax. The state of Montana is an excellent place to retire if you love hiking trails, fresh air, and fishing.
Once you've narrowed down geographic locations, conduct research into some individual communities. Always check the assisted living facility in the United States Medicare database to get records about their safety incidents, health ratings, and more.
You can't make an informed decision until you tour the community in person. During the tour, check for some common red flags — such as bad lighting, clutter, foul odors, and a seemingly stressed or overworked staff. Always have a list of questions, and bring a friend or family member with you.
Analyze your financial life to see what you can afford in your monthly budget
Always think about the financial obligation you're taking on. You'll pay about $4,000 each month for assisted living services. Medicare could offset some of the costs. Learn how the facility bills medical services, and find out what type is included in the cost of living.
Use these tips to find an assisted living community in your area.