Moving into a senior living community can feel overwhelming, but once you sit down with your family, financial planner and a cup of your favourite hot drink, your stress will start to disappear.

Downsizing and diving straight into the nearest senior community may not be the best approach as there are many things to consider. A good first step is to meet with a financial advisor and start planning ahead of time. No matter the reasons you have for considering the transition into a senior living community, you are smart to consider its advantages. Not only can you get a fresh start (maybe in closer proximity to family), but you can drastically improve your quality of life in retirement.

91裸聊视频淚 recommend starting to plan this transition at least five years ahead so that you can make sure the numbers work for you and your future goals,91裸聊视频� says Sarb Sangha, Wealth Management Specialist at Prospera Credit Union. 91裸聊视频淥ther things to consider include if you plan on leaving a legacy or inheritance, and will you be selling a property to fund the income requirements for your new living expenses.91裸聊视频�

Everyone91裸聊视频檚 financial outlook is unique, so taking the time to piece together all sources of income you have, including savings accounts and investments, will help you and your develop a financial roadmap for this next part of your life.

91裸聊视频淎 financial roadmap sets you up for financial health and success, especially at this specific stage in your life,91裸聊视频� says Nami Kim, Investment Advisor at Prospera Credit Union. 91裸聊视频淎 good starting point is taking a look at your income, retirement income, pension and investments. This way we can allocate funds into unique investments that make sense for you and your future plans.91裸聊视频�

Once your financial plan is in order, you91裸聊视频檒l have to get the wheels turning with your options. There are a lot of moving parts in play, so breaking down your approach into simpler steps is a good place to start. 91裸聊视频淪tart looking around. You91裸聊视频檇 be surprised by the number of people waiting to get into independent and/or assisted living communities,91裸聊视频� says Nami Kim. 91裸聊视频淭ake a look at your options. Depending on your budget and lifestyle wants and needs, there are many places to consider.91裸聊视频�

By working with a , you91裸聊视频檒l potentially save big on standard costs associated with homeownership and, most importantly, you can finally take some of that well deserved time to relax.