Housing options
- Some single seniors can stay in their current homes, usually with structural changes. Even if your health is good, you may need someone to help you with household tasks or provide more expensive care as you age.
- Home sharing is an appealing option for those with friends in a similar situation.
- Continuing care retirement communities, or life plan communities, offer living arrangements that range from independent living to skilled nursing options. You generally should be 62 years old and healthy enough to live independently.
- Naturally occurring retirement communities (NORCs) have a population where 40% is 60 or older. Social service agencies, health care providers, and other organizations offer on-site services to residents. People live in their own homes and pay an annual membership fee for services.
- Cohousing. Members buy their own homes and pay monthly membership fees and use a common area for meals, socializing, and events.
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"Many people are in the dark when it comes to money, and I'm going to turn on the lights. " ~ Suze Orman
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