Choosing a home for the second half of life

04/19/22 • 50 min

1 Listener

Boomer Banter, Real Talk about Aging Well

We are living in the Age of Longevity and choosing a home in the second half of life requires planning and reflection.

Place matters is foundational to this planning. Aging well starts with a vision of what you want. You want to consider location as well as how place will enhance your sense of purpose, social connections, physical activity and financial well-being.

Ryan Frederick, my guest for this episode, is the author of Right Place, Right Time. He breaks down the importance of each of these components. He has an issue with the term, "aging in place." He prefers the term "living in community" and he explains what he means during our discussion.

Successful aging is not a solo sport. Include family, friends and a partner if you have one, in the discussion.

In the episode we talk about alternative housing options, such as intergenerational living, co-housing, co-living and home sharing.

Finally, we talked about the importance of investigating health care living options, should they become necessary, before they become necessary. Moving can be disruptive and having to move under dire circumstances only makes it more difficult. Being prepared, having done your homework, may alleviate some of the stress.

Episode Takeaways:

1. Give place the respect it deserves

2. Place matters, choose wisely

3. Seek counsel with family and friends.

4. Create opportunities for self-reflections aournd purpose, social connection, physical well-being and financial well-being

Thanks so much for listening.

Subscribe on Apple Podcast, Stitcher , Google Podcast. or Spotify

Follow up on Facebook and Instagram

You can email me with questions or comments at [email protected]

– You can find Ryan Frederick at [email protected]

You can take the Right Place assessment at www.smartliving360.com

We are living in the Age of Longevity and choosing a home in the second half of life requires planning and reflection.

Successful aging is not a solo sport. Include family, friends and a partner if you have one, in the discussion.

In the episode we talk about alternative housing options, such as intergenerational living, co-housing, co-living and home sharing.

Episode Takeaways:

1. Give place the respect it deserves

2. Place matters, choose wisely

3. Seek counsel with family and friends.

4. Create opportunities for self-reflections aournd purpose, social connection, physical well-being and financial well-being

Thanks so much for listening.

Subscribe on Apple Podcast, Stitcher , Google Podcast. or Spotify

Follow up on Facebook and Instagram

You can email me with questions or comments at [email protected]

– You can find Ryan Frederick at [email protected]

You can take the Right Place assessment at www.smartliving360.com

Previous Episode

Failing to Plan - Planning to fail

Remember when we were told to start saving early and to pay ourselves first? Well, those days are past. Now we have what we have and we have to figure out to make the best financial decisions about our future based on what we have today.

In my discussion with Quintin Pile, CFP, we covered a lot of territory that someone preparing for another 20-30 years of life after full time work, needs to think about. We talked about cash flow, various insurance considerations, home ownership, debt, and inflation mitigation.

Everyone's situation is going to be unique and talking with an expert is advised. This episode will give you a good starting point to think about your goals and the questions you want to ask when interviewing financial planners.

Episode Takeaways:

1. Implications of taking social security at full retirement age or delaying it.

2. How to think about mortgage debt when interest rates are so low.

3. Be clear about your goals when you meet with a financial planner.

4. Interview multiple planners on your retirement planning journey,

Thanks so much for listening.

Subscribe on Apple Podcast, Stitcher , Google Podcast. or Spotify

Follow up on Facebook and Instagram

You can email me with questions or comments at [email protected]

– Support the work that Hey, Boomer is doing through buymeacoffee.com/HeyBoomer0413

– You can find Quintin at [email protected]

Rate the show on Podchaser where they are contributing .25 for every review to World Central Kitchen's work in Ukraine.

Next Episode

Elder Financial Abuse

Elder Financial Abuse is the fastest growing category of elder abuse, and the numbers are going up every year.

Typically a caregiver or family member works to gain the trust of an elderly person and gains access to financial accounts. In this episode we discuss Red Flags to may point to suspicious activity. We talk about things a person can do if they suspect financial abuse. We also talked about other scams, such as phone scams and online scams.

Part of the reason older people are more vulnerable to financial exploitation is because it is more likely that they are isolated and lonely. Frances Simon, my guest and founder of the PSGroup, suggests that even if your loved one lives out of state, that you develop relationships with neighbors and elder support services where they live.