16 - The Real Price of Staying Home as You Age

Aging In Place Directory

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Can aging in place truly be more economical than assisted living, or is it a costly myth? Find out in our latest episode as we navigate the financial landscape of aging in place with Esther Kane, a trusted certified aging in place specialist and retired occupational therapist. You’ll gain essential insights into the significant home modifications needed to ensure safety, independence, and comfort, from installing grab bars and ramps to enhancing lighting and accessibility. Esther unpacks the often-overlooked expenses tied to home maintenance and utilities, giving you a clear picture of how these compare with the potentially more economical option of assisted living facilities, which come with added benefits like community dining and support services.
Beyond finances, this episode tackles the multifaceted challenges of aging in place, emphasizing the necessity of early and proactive planning. She discusses alternative transportation solutions for those with limited driving abilities and the evolving role of technology in maintaining independence. Esther highlights the critical importance of preparing for future needs by considering home modifications, evaluating health requirements, and exploring financial options like savings and Social Security benefits. This episode is your comprehensive guide to taking control of your aging journey, ensuring a longer, more independent, and comfortable life. Tune in for valuable advice that could transform the way you think about aging in place.

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1. 16 - The Real Price of Staying Home as You Age (00:00:00)

2. Financial Considerations for Aging in Place (00:00:33)

3. Planning for Aging in Place (00:17:34)

4. Taking Control of Aging in Place (00:25:59)