Navigating Senior Living: What are my Options?- Takeaways
By Andrea Young on September 18, 2023
September 2023 takeaways.
Navigating the array of senior living choices, whether for yourself or a family member, can feel like a daunting task. The multitude of options, each with their unique attributes and associated expenses, can be overwhelming. Factor in the uncertainty of future health needs and required care as one ages, and the decision becomes even more complex. This month’s Empower Women event was led by Camille Ciarametaro, who shed light on the diverse spectrum of senior living options and provided invaluable guidance on selecting the most fitting option for you or your loved one.
Do your due diligence
As you embark on your journey to find the perfect senior living option, it’s advisable to initiate a conversation with your financial advisor to gain clarity on what you can comfortably afford. It’s a great idea to visit the facility in order to witness firsthand the range of amenities, level of care, and the diversity of programs and activities they offer. Many facilities also offer trial periods, allowing you to experience the environment before making your ultimate decision.
Even if everything appears to align with your criteria, don’t hesitate to request references from current residents. Hearing directly from individuals residing there can provide invaluable insights into the facility’s daily life.
Before you put your signature on any documents, request and carefully examine all the paperwork, including the disclosures. For an extra layer of protection, consider having your attorney to review everything before you finalize any agreements. This step will help shield you from any unexpected surprises that may arise later on.
Geriatric Case Manager
Geriatric Case Managers serve as invaluable resources for families facing overwhelming circumstances. They possess the knowledge and experience to assess your unique situation and guide you towards the most suitable environment tailored to your specific needs. With a deep understanding of your concerns and apprehensions, they collaborate with you to alleviate stress and ensure the best possible fit for your situation.
Senior Move Managers
Transitioning into senior living can bring a whirlwind of emotions. Leaving behind the comfort of a long-time residence can evoke a profound sense of unease. The process of downsizing, often spanning decades of cherished belongings, can compound this stress. Enlisting the support of Senior Move Managers can be an invaluable asset, as they specialize in guiding you and your family through this transition with the utmost care and minimal disruption.
Lexington Wealth Management is a group comprised of investment professionals registered with Hightower Advisors, LLC, an SEC registered investment adviser. Some investment professionals may also be registered with Hightower Securities, LLC, member FINRA and SIPC. Advisory services are offered through Hightower Advisors, LLC. Securities are offered through Hightower Securities, LLC. All information referenced herein is from sources believed to be reliable. Lexington Wealth Management and Hightower Advisors, LLC have not independently verified the accuracy or completeness of the information contained in this document. Lexington Wealth Management and Hightower Advisors, LLC or any of its affiliates make no representations or warranties, express or implied, as to the accuracy or completeness of the information or for statements or errors or omissions, or results obtained from the use of this information. Lexington Wealth Management and Hightower Advisors, LLC or any of its affiliates assume no liability for any action made or taken in reliance on or relating in any way to the information. This document and the materials contained herein were created for informational purposes only; the opinions expressed are solely those of the author(s), and do not represent those of Hightower Advisors, LLC or any of its affiliates. Lexington Wealth Management and Hightower Advisors, LLC or any of its affiliates do not provide tax or legal advice. This material was not intended or written to be used or presented to any entity as tax or legal advice. Clients are urged to consult their tax and/or legal advisor for related questions.