FINANCIAL PLANNING

KNOW YOUR

OPTIONS

Moving to senior living doesn’t have to break the bank. Use our tools and resources to help you weigh your options.

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FINANCIAL PLANNING 

THE COST OF MOVING VS. STAYING AT HOME

For many families, weighing the cost of choosing a senior living community compared with living at home can feel daunting. But it may not be as expensive as you think. When you tally up the cost of housing, utilities, groceries, home care and transportation – many older adults spend more living alone.

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TAX DEDUCTIBILITY

Depending on the type of services you need, you or your responsible party may be eligible to deduct up to 100% of senior living fees – including apartment, dining and personal care services – on your tax return.

Image by Rob Pumphrey

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