Planning A Head for Living

Carmen2025

New Member
Hi,

This is my first time to post, and I want to meet other Seniors to exchange information.
I'll be separating from my spouse of 28 years, and it is a scary prospect.
I'll have 800k or more, and I need to find an assisted living situation, but I'm unsure where to look.
 

Hello @Carmen2025 and
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to SF!
 
Welcome,Carmen. Having gone through a divorce myself, I understand how traumatic it can be.
A word of caution, NEVER discuss your finances in a forum. It invites people who do not have your best interests.
Amen!

Never lead with your net worth or let it define your value as a person.

What makes you believe that an assisted living facility is the best choice for you? 🤔
 
Hi,

This is my first time to post, and I want to meet other Seniors to exchange information.
I'll be separating from my spouse of 28 years, and it is a scary prospect.
I'll have 800k or more, and I need to find an assisted living situation, but I'm unsure where to look.
Welcome.
There's really not enough information for anyone to give you proper guidance here.
In senior living arrangements, there are senior communities where you buy your own home and the community offers amenities, such as a pool, tennis courts, fitness center, golf, etc... You live in a community, but you live independently. It's relatively the same with senior apartments.

Likewise, there are senior mobile home parks. You buy the mobile home for around $100k, and the space rent can vary from $600 to $1000 per month (Depending on location). Many are rent controlled, so the city only allows for marginal increases. If you put your remaining $700k in investments (Money Markets, Govt Bonds, High Yield Savings), you will have more than enough interest to cover any rent.

Then there are senior communities where you pay a high monthly rent, and don't actually own anything. There are community meals, laundry services, and a host of other amenities provided. The price is adjustable based on level of care.

Then there is assisted living facilities (Which you mentioned) that is more dedicated to personal care such as getting dressed, bathing, taking meds, etc..., with nurses on staff and regular visits from doctors.

Other options can be living with children in the same house, often with your own space, or living on the same property in an ADU (Additional dwelling unit). It's somewhat like a tiny home where you feel like you have your own home, but it's easy access that allows for sharing meals, and having them check on you.

There are other factors that may influence you decision (Close to family, area of the country, weather, affordability, etc...). Good luck.
 
Welcome to SF Carmen!
There's many posts about what you are hoping to learn, best choice is to read them over
and decide for yourself what seems to fit your needs, Good Luck in your search and feel free
to share a laugh or two at any time, it lightens the worry.
 
Welcome.
There's really not enough information for anyone to give you proper guidance here.
In senior living arrangements, there are senior communities where you buy your own home and the community offers amenities, such as a pool, tennis courts, fitness center, golf, etc... You live in a community, but you live independently. It's relatively the same with senior apartments.

Likewise, there are senior mobile home parks. You buy the mobile home for around $100k, and the space rent can vary from $600 to $1000 per month (Depending on location). Many are rent controlled, so the city only allows for marginal increases. If you put your remaining $700k in investments (Money Markets, Govt Bonds, High Yield Savings), you will have more than enough interest to cover any rent.

Then there are senior communities where you pay a high monthly rent, and don't actually own anything. There are community meals, laundry services, and a host of other amenities provided. The price is adjustable based on level of care.

Then there is assisted living facilities (Which you mentioned) that is more dedicated to personal care such as getting dressed, bathing, taking meds, etc..., with nurses on staff and regular visits from doctors.

Other options can be living with children in the same house, often with your own space, or living on the same property in an ADU (Additional dwelling unit). It's somewhat like a tiny home where you feel like you have your own home, but it's easy access that allows for sharing meals, and having them check on you.

There are other factors that may influence you decision (Close to family, area of the country, weather, affordability, etc...). Good luck.
 
Well, I wasn't sure how much info I should put. I don't need the kind of care you mentioned, i.e, baths, medication, etc.
My main difficulty is with walking.
 
Welcome,Carmen. Having gone through a divorce myself, I understand how traumatic it can be.
A word of caution, NEVER discuss your finances in a forum. It invites people who do not have your best interests.
Normally I wouldn't but I needed to get an idea of where I could afford to live. However, you are right about scammers. That is something to be very careful of.
 
Welcome,Carmen. Having gone through a divorce myself, I understand how traumatic it can be.
A word of caution, NEVER discuss your finances in a forum. It invites people who do not have your best interests.
In fact, do not disclose your finances to anybody including your relatives and best friends, and be very careful when discussing with a financial advisor.
 
Ask AI: How to find assisted living?
 

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