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What do senior citizens need to do to age in place?

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Most Canadian seniors would prefer to stay in their homes for as long as possible, what is referred to as aging in place, rather than in an assisted living facility, according to recent studies that have come out this year. Personal finance contributor Christopher Liew shares some practical tips on how to age in place, so you can continue living life on your terms.

Another option is to hire personal support workers to help with care. Personal support can range from $28 - $35 per hour, home support can range from $25 - $33 per hour, and nursing can range from $55 - $80 per hour,The question arises of who will pay for whatever option you will choose, as this is no small expenditure. There are a few options:If you have enough savings and retirement income coming in, the person receiving the care can pay for it.

The closer you are to a major city or town, the easier it will be to find transportation. Public buses and trains are more available in populated regions. It’s also easier to hail an inexpensive Uber or Lyft. However, if you’re in a more rural area, finding transportation may be more difficult and costly.

If you want to age in place in a rural location, I recommend moving somewhere close to friends or family who can offer you a ride on short notice.The older you get, the more difficult you’ll find stairs, steep inclines, and walking long distances. Many seniors find it easier to retire in a one-storey house compared to a two-storey house. However, you can also elect to install a lift or ramps to help you ascend and descend stairways,Your home is also aging, the same as you are.

If you live close to a larger town or city, you may also be able to use food and grocery delivery services like DoorDash, Skipthedishes, or UberEats to deliver pre-made meals and simple grocery items to your front door.Aging in place can be very peaceful as long as you start planning ahead of time. Knowing where you’re going to retire and having a plan in place for transportation, home maintenance, and in-home care will ensure that you can age in place and keep living on your terms.

Christopher Liew is a CFA Charterholder and former financial advisor. He writes personal finance tips for thousands of daily Canadian readers on his

 

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