Turning 65 is one of the most significant events in one's life. For some people, it marks as the time to retire and take things slow. Others see this as the age of a new beginning and a transition towards a different aspect of life.
With this new stage comes new responsibilities. It's high time you settle down and focus on your own finances, health, and retirement benefits. While such preparations should come before you get to this age, certain situations and factors may have influenced your options.
At Lighthouse Assisted Living Homes in Littleton, CO, we help make transitions easier for seniors and their families. Dedicated to providing high levels of care, we assist seniors to prepare for their retirement at their convenience.
In line with this, we've prepared a checklist that you and your family can use as reference:
It’s important to have a retirement strategy to monitor and determine the appropriate ways to spend and manage your assets. Have a thorough discussion with your loved ones to know the best approach for your retirement strategy.
Income and Resources
Be sure to prepare your personal finances, assets, and property, as these can serve as your financial resource during retirement age. If you still plan to work upon reaching 65, we recommend applying for SSI programs to get additional basic monthly payments. SSI programs offer a range of benefits for seniors age 65 and older, especially for those who have limited sources of income who may be staying at assisted living facilities.
Health Benefit Plan
Contact the Social Security Administration to determine and confirm eligibility for Medicare and Medicaid benefits. We highly recommend accomplishing these three months prior to your birth date to become a qualified applicant for your health benefit plan. While these do not cover assisted living programs, our staff would be more than glad to discuss other options for your assisted living needs.
To get more advice from our senior care professionals, contact us or visit our assisted living facility in Littleton CO.
Assisted Living cost's in Littleton Colorado can vary. Click the following link to learn the Ways To Pay For Assisted Living in Littleton, CO. If you have any questions please contact us and we will be happy to help you navigate your situation.
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