What Happens If I Outlive My Money?

Tina Hall from Era Living has talked with Suzanne about different ways of thinking about your life, planning for your future for a time when you might not be able to care for yourself as you age, so you know what you want. But what about running out of money?

The cost of care varies regionally, so you need to know what your needs are, how long you’ll need care, and what things cost in your area. Ultimately equity in your home will probably pay for your care, but what if it’s not enough? You may need to look further afield, so have the financial conversation up front with the community to figure out if they’ll be long-term solution. Be willing to compromise in some areas, but don’t compromise in your care choices, because ultimately your care is essential. You don’t want to have to move again.

Learn more about Tina Hall, and there’s more about Era Living at Answers for Elders and eraliving.com.