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    • What do senior citizens need to do to age in place?

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    Most Canadian seniors what is referred to as aging in place, rather than in an assisted living facility, according to recent  that have .

    Below, I鈥檒l share some practical tips on how to age in place, so you can continue living life on your terms.

    How to age in place peacefully

    Compared to an assisted living facility or retirement community, aging in place in your own home has a number of benefits, including:

    • You don鈥檛 have to downsize your home or possessions
    • The comfort of living in a home where you鈥檝e built memories
    • No rules or schedules to adhere to
    • Privacy

    That being said, aging in place also requires seniors to be more responsible for themselves. If you鈥檙e unable to handle certain responsibilities on your own, you may need to hire assistance. Aging in place is certainly possible, though. Here are some things to consider and plan for if you want to retire and age in place.

    Home care is usually less expensive than assisted living facilities. Nursing home costs can range greatly, from $1,400 to $6,000 per month, . They may even cost thousands more depending on amenities and level of care, as well as location. Assisted living is also quite expensive, at an average of around $3,300 per month per one-bedroom apartment, .

    Another option is to hire personal support workers (PSW) to help with care. Personal support can range from $28 - $35 per hour, home support can range from $25 - $33 per hour, and nursing can range from $55 - $80 per hour, .

    The question arises of who will pay for whatever option you will choose, as this is no small expenditure. There are a few options:

    • Family members such as children can help pay for it.
    • If you have enough savings and retirement income coming in, the person receiving the care can pay for it.
    • Assets may need to be liquidated, such as a home.
    • If you鈥檙e unsure about how you will pay for the costs, find a financial advisor who could assist you with a plan.

    1. Decide where you want to retire

    First off -- you鈥檒l want to decide where you want to age in place. If you鈥檙e set on staying in your family home, then you鈥檝e probably already decided. However, if you鈥檙e ready for a change of scenery, you should start researching a place that fits your wants and needs.

    If you retire at 65, (especially with today鈥檚 advancements in medical technology). It鈥檚 better to always overestimate how long you will live, so you鈥檒l leave some buffer room for your calculations. You may also need to take into account the cost of personal support workers should you require more assistance if you stay at home. The same Ipsos study suggested The older you get, the harder it will be to pick up and move, though. This means it鈥檚 important to figure out where you want to spend the rest of your days.

    Factors that may play a part in this include:

    • Proximity to family and friends
    • Nearby doctors and medical facilities
    • Cost of living
    • The climate and weather (how severe are the winters?)
    • Activities and things to do
    • Transportation (public transportation, ride-sharing, nearby airports, etc.)

    I recommend making a list of people, things, and places that are important to you. Then, use this list as a benchmark for qualifying various cities and towns to meet your needs.

    2. Have a transportation plan

    You may be a great driver today, but Statistics Canada data shows that . At a certain point, you鈥檒l need to rely on outside transportation if you plan on getting out of the house, socializing, or just running basic errands and making it to your appointments.

    The closer you are to a major city or town, the easier it will be to find transportation. Public buses and trains are more available in populated regions. It鈥檚 also easier to hail an inexpensive Uber or Lyft. However, if you鈥檙e in a more rural area, finding transportation may be more difficult and costly.

    If you want to age in place in a rural location, I recommend moving somewhere close to friends or family who can offer you a ride on short notice.

    3. Ensure that your home fits your mobility needs

    The older you get, the more difficult you鈥檒l find stairs, steep inclines, and walking long distances. Many seniors find it easier to retire in a one-storey house compared to a two-storey house. However, you can also elect to install a lift or ramps to help you ascend and descend stairways,, according to one provider, Stannah.

    4. Have a home maintenance plan

    Your home is also aging, the same as you are. If you own a home (as opposed to renting), you鈥檒l need to consider home maintenance items, such as:

    • Landscaping and snow removal
    • Simple home repairs
    • Putting a new roof on your home
    • Pest control

    I recommend having a list of trustworthy, local contractors you can rely on to take care of maintenance items as they arise. If you have a larger home, you may also want to plan for a periodic house-cleaning service as well to take care of deep cleaning.

    5. Take advantage of meal delivery

    As you age, you may not always find the energy to cook a full meal for yourself. In times like these, it can be helpful to have a subscription to a meal delivery service so that you can always count on healthy food.

    If you live close to a larger town or city, you may also be able to use food and grocery delivery services like DoorDash, Skipthedishes, or UberEats to deliver pre-made meals and simple grocery items to your front door.

    Planning to age in place

    Aging in place can be very peaceful as long as you start planning ahead of time. Knowing where you鈥檙e going to retire and having a plan in place for transportation, home maintenance, and in-home care will ensure that you can age in place and keep living on your terms.

    Christopher Liew is a CFA Charterholder and former financial advisor. He writes personal finance tips for thousands of daily Canadian readers on his .

    Do you have a question, tip or story idea about personal finance? Please email us at dotcom@bellmedia.ca.

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