Is Aging in Place Always the Most Affordable Option?

If you or a loved one is making the decision to stay at home or move to an assisted care facility, you might think the cheapest option is to stay home. This may be true for some people as they may not have as many needs as other seniors. However, the true cost of keeping a loved one at home can be more than just a mortgage payment or rent.

As an older adult’s care needs increase, so do expenses. These can include at-home care, transportation, home maintenance, lawn care, cooking and/or meal preparation. For seniors that can’t complete these tasks on their own, they would need help from family or friends. Unfortunately, not all friends or family members have flexible schedules. You may need to hire someone to help out. These expenses may not seem like a lot now, however down the road they could add up.

 

Our community provides many of these services including housing, meals, maintenance, activities and personalized support into one monthly cost. This is a great way to see your expenses for the long term. This can provide peace of mind and clarity to families as owning a home comes with unpredictable expenses.

 

Read more on our website! 

 

We understand that every family's situation is unique. If you're weighing the benefits of aging in place or assisted living in Ann Arbor services, we'd be happy to help you explore your options. Please contact us if you have any questions.

Do You Have the Financial means to Support Your Elderly Parents?

Not sure whether you should move your elderly parents into your home or into assisted living?

According to Genworth’s caregiving statistics, caregiving families can spend over $10,000 out of pocket each year on elderly care. Over 70% of caregivers miss time at work, which can put financial strain on your family. It’s important to ask your elderly family member if they can contribute to the expenses.

Depending on the level of care that your family can provide, assisted living may be more cost-effective for your elderly parent. Read more about how to make the decision to move into assisted living here.

Professional Caregivers with Assisted Living in Ann Arbor

Caregiving often comes with an immense amount of pressure and stress—stress alone commonly results in sickness and mental distress for the caregiver. Consider choosing assisted living in Ann Arbor. Hillside Terrace treats your elderly loved ones like family; they’ll get the care and attention that they deserve, and you don’t have to drastically alter your life. Give us a call at (734) 761-4451 or submit a contact form and ask about our senior living accommodations.

How to Decide If You’re Ready to Make a Retirement Plan

Still feel like you’re too young to make a real plan for retirement? Are you interested in a retirement home in Ann Arbor but think you’re jumping the gun? Retirement age still a couple years away and not sure if you need to start making a plan?

When retirement is just around the corner, you might feel like you don’t need a plan for your retirement beyond your saving. You feel fine to carry on just as you are, in the same house, doing the same things, just with a little extra free time to enjoy. But when is the right time to start planning for your retirement? To find out if you’re ready, ask yourself these simple questions about retirement today:

1. Can you picture yourself enjoying a community of retirees? You don’t have to be ready to move into a retirement community today, but if the idea of the community sounds appealing to you now, or like it could be appealing one day, it’s not too early to start planning!

2. Are you interested in an easier day? If you can imagine a day with less housework, a smaller space to maintain, and all around simpler care, downsizing or moving to a community could be in the cards for you. If you’re already thinking about the perks of less work, it’s time to start planning. 

3. Do you need ample time to adjust to a new environment? If you’re the type of person that takes time to warm up and feel comfortable with change, don’t delay planning a move to a community or downsizing. Just making plans, even if they’re for a fairly distant future, can really help with the adjustment period. 

4. If you’re married, will you feel more comfortable making a plan and moving with your spouse? People often end up waiting until the loss of a spouse to plan a move to a retirement community, which can increase the difficultly several times over. Instead of waiting, start making a plan to move while you’re still a couple. 

Asking yourself these questions and others like them can be a great tool to help you realize you’re ready to make a plan for your retirement and your future. Whatever your plan may look like, it will give you great peace of mind to talk about it with your family and know that your outlook is bright. Reach out to the experts at Hillside Terrace Senior Living today to talk about your options for retirement. Remember that at Hillside Terrace, our family shares life with yours.