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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. Listen now to learn more about Aging in Place.

[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

To read the Full Show Notes scroll down or click here.

  • Roshan Loungani can be reached at roshan.loungani@aretewealth.com or at 202-536-4468.
  • Erik Olson can be reached at erik.olson@aretewealth.com or 815-940-4652.
  • Adrian Nicholson can be reached at adrian.nicholson@aretewealth.com or at 703-915-8905

Listen now to learn more about Aging in Place.

Select episodes, like this one, can be found on YouTube: https://www.youtube.com/channel/UC0ZZPM3xk6onXNpb1ceAkCg

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Agin in Place

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.

 

Resources Mentioned 

Disclaimer Welcome, you are now listening to the retirement lifestyle show with Roshan Loungani Erik Olson and Adrian Nicholson. This show is an exploration of ideas to help you work towards your ideal retirement. Roshan Loungani and Erik Olson serve clients across the US. They offer financial planning and investment advice through Arete Wealth Advisors, LLC, an SEC registered investment advisor and securities through Arete Wealth Management LLC, member FINRA, SIPC, and NFA. Get ready for the financial independence of your dreams. All opinions expressed by podcast hosts and guests are solely their own are based on information they believe is reliable. Neither Arete Wealth nor its affiliates, warrants 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. Finally, our music is the chance by Jason Shaw and Audionautix. It’s part of the YouTube Audio Library and it’s licensed under a Creative Commons license.

Thank you for listening.

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