Aging in Place
Updated: Sep 4, 2022
RL131 - Aging in Place
On the Retirement Lifestyle Show, Roshan Loungani, Erik Olson, and Adrian Nicholson talk about Aging in Place and its place in retirement. They go through the pros and cons of aging in place, technological advances in the space, and how to plan for your later years well in advance.
[01:20] Aging in Place and What it Really Means
[05:08] Costs and When to Start Planning
[09:08] Aging in Place Location and Ease of Access
[11:11] Impact on Memory Loss and Self-Determination
[15:58] The Disadvantages of Aging in Place
[18:00] The Benefits of Planning for Aging in Place
[18:52] Solutions and What Aging in Place Would Mean to You and Your Family
[22:36] Technological Advances in This Space
[29:20] Resources and Ideas For Well-Planned Aging in Place
[32:35] Parting Thoughts
For more links and the full show notes keep scrolling down!
Roshan Loungani can be reached at email@example.com or at 202-536-4468.
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Adrian Nicholson can be reached at email@example.com or at 703-915-8905.
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Full Show Notes:
Aging in Place and What It Really Means
If you ask most people if they would prefer to stay in their own homes as they get older or move into some form of institutional setting, the answer is always to remain in their home. And that comes as no surprise at all because that's obviously where it's easier to interact with friends and family. Then there's the familiarity and self-determination aspect of it all. So the question then becomes, is your existing home well suited for helping you do that? Most people would argue that their home is perfect at the outset of their aging process. But later on, it gets a little complicated. That's where aging in place comes in.
Aging in place is a term used to describe a situation where a person chooses to stay in their own home as they get older for as long as they can. This also includes having access to any extra support they may need as their needs change over time. Moreover, to live out your later years as comfortably as possible, you might need to put up financial and economic plans from your earliest working years. These plans should be created as early as possible and then changed, revised, and adjusted according to your particular needs and requirements.
All opinions expressed by podcast hosts and guests are solely their own. While based on information that they believe is reliable, neither Arete Wealth nor its affiliates warrant its completeness or accuracy, nor do their opinions reflect the opinion of Arete Wealth. This podcast is for general informational purposes only, and should not be regarded as specific advice or recommendations for any individual. Before making any decisions, consult a professional.