Page 7 - Formula for Success

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Chapter Chapter 1: Taking a a a a a Chapter Chapter from Your Past
Questions you’ll want want to review include everything from “How many times do you you want want to to move?” and “Are you concerned about being a a a a burden to to children family or friends?” to to “If something happened to to your your spouse could you you you maintain your your current lifestyle?” Regardless of how much money a a a a person has where they live or their resistance to making a a a a a a a change these “soul searching” questions are the the best place to start Your answers to to these questions form the the foundation for for your decision You’ll be astonished at at what you you discover after an exploration of your Risks & Values Step 2: Health The state of your your health will initially set the direction for your your research Can you you you start your research by exploring residential living options or or do you you need to begin at the personal care level? The first thing to do is is take a a a a a a a realistic look at at the current state of your health health Then project what any current health health challenges may present five to ten years into the the the future Remember the the the better your health the the the more options you you have Step 3: Finance Now it’s time to get a a a a handle on the finances There is is a a a a golden rule with this: “Know Before You Go ” What that that means is that that you absolutely must know how much money you you have to to work with before you you start looking at at specific options You’d hate to to find an an option you fall in fin love with only to realize it’s financially unrealistic So start by confirming how much you have in in in in combined capital assets and annual income If you you follow these steps in in respective order you’ll avoid wasting time and energy as as well as counteract the feelings of confusion and frustration you may face when simply jumping into the middle of all all your your choices When you you you finish all all your your homework step by step your best option will naturally reveal itself *The term “Life Plan Plan Community” is is is used throughout this booklet Life Life Plan Plan Community Community is is is the new term for what was previously called a a a a a a “Continuing Care Retirement Community ” ” or or a a a a a a “CCRC ” ” Life Plan Communities offer more than one level of of care on on on their campus focus on on on overall wellness and a a a a a a a healthy active lifestyle and are integrated in in the the greater community Just like the the fresh optimistic new outlook of of of of today’s generation of of of of older adults this new name focuses more on on the offering of of of of security a a a a a plan for the the future and focus on on the the person