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Senior Living Blog

How Do I Know If I Can Afford Assisted Living Costs?

Posted by Village Green Team on Sep 30, 2022 8:32:00 AM
Considering a move to a retirement community can be overwhelming and it marks the beginning of a new season of life. The thought of leaving home and having to adjust to a new environment can feel challenging. However, the logistics of moving aren't the only consideration. Often, however, that does not even include another large and looming question, is assisted living an affordable option? 
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Tags: Financial Planning, Retirement Tips

11 Expenses that Disappear for Seniors in Federal Way

Posted by Village Green Team on Jan 23, 2020 7:36:00 AM
It's time for maintenance-free landscaping, a busy social calendar, and consolidated costs. Many people prudently plan for retirement so they can maintain a certain level of comfort and care as they age. The more you put away ahead of time, the less you have to worry about financial burdens during this stage of life after you’ve exited the workforce. It is vital to save and invest for retirement because most seniors fund their expenses with retirement investments and savings. However, the financial landscape for retirees, including the nature and number of expenses is different than ever before. Typical expenses in retirement often include rent for a senior living community. With this option, many familiar expenditures disappear and monthly rent becomes the biggest expense.
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Tags: Financial Planning, Retirement Tips

How Do You Pay for Independent Living During Retirement?

Posted by Jason Kitchel on Oct 10, 2019 8:18:33 AM
Retirement is built up to be a wonderful time of life when you can relax after spending decades on a career and enjoy the fruits of your labor. In order for retirement to be the idyllic period, it should be, however, you must be diligent in planning and saving to ensure you have established the sustainable income to move into a quality independent living community while still being able to comfortably afford other items and experiences.
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Tags: Financial Planning

The Genworth 2018 Cost of Care Survey

Posted by Village Green Team on Mar 21, 2019 10:37:00 AM
The Genworth Cost of Care Survey has been providing valuable information about the cost of senior care for 15 years. It has become the main point of referral for long-term care planning. The latest Cost of Care Survey provides some eye-opening information for seniors and their loved ones as the cost of in-home care and aging in place is typically more than the cost of assisted or independent living.
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Tags: Financial Planning

Are Credit Scores Important for Seniors?

Posted by Village Green Team on Jul 18, 2018 11:29:02 AM
When you think of a credit score and having good credit, you probably picture a young adult just starting out on their own. It may be someone who wants to buy a new car or a couple who just got married and want to buy a house. You may think seniors don't need a credit scores because they already have a home and a savings account, but good credit is also crucial for seniors.
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Tags: Financial Planning

How to Talk About Your Elderly Parent's Finances

Posted by Village Green Team on Jun 8, 2018 9:28:00 AM
It’s difficult to reverse roles with your parent when they get older, but sometimes you must have tough conversations. One of the most difficult is on the subject of money. Now that your senior loved one has retired, they are living on a fixed income from how and where they invested their money. As long as they are able to remain independent and mentally alert, they can take care of their finances, but at some point, you may need to get involved.
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Tags: Caregiver Tips, Financial Planning