Financial Planning and Resources from Silverfern
When you're planning for senior living, it's essential to consider all aspects, from where you or your loved one will live to how much each option costs to making sure basic needs are met. At Silverfern Senior Living, we help you find a community of independent 55+ people who get all they need from living here. We make it easy to find the perfect setup for your needs, while simplifying them into one all-inclusive bill, so you know how much it costs each month.
Who Is Silverfern Senior Living?
Silverfern is a community of like-minded individuals who thrive on independence but need a little additional support from friends, community, and staff. As part of our all-inclusive community, you get our:
Planning for the Future
Planning for your or your loved one's retirement can seem like an overwhelming process, but with our team's guidance, you can find exactly what you need to feel comfortable and fulfilled, especially when you keep in mind the following two ideas:
Determining Your Needs and Wants
The first step to finding the proper retirement steps for you or your loved one is to write down all the needs and wants for what you're looking for. Start with just a list of everything, then break those things into two columns, one for needs and one for wants. Examples of needs are supervised care, medication management, and regular assistance with daily activities. Examples of wants are a location with a dance studio, independence, and access to regular events and learning opportunities.
Researching Your Living Options
Once you know what you want and what you need, you can start researching the types of care you or your loved one needs for success. There are many different types of living options. For example, one person may find the most support when their low needs are met by family who visit their home, while others may need to live with their family, and yet others need the support of professionals. As a community with professionals who can support you or your loved one, Silverfern is part of the third group and is happy to serve families in Cincinnati and the surrounding area.
What Are The Costs for Senior Living?
When preparing for retirement and senior living, the costs of senior living are a significant concern for many families. These costs extend beyond just how much different options cost financially to how much they cost emotionally, mentally, and physically.
Senior Living vs. Staying At Home
One of the first questions you may have asked yourself is whether you or your loved one is able to stay at home. The answer is it depends. For some, the familiarity of their home and the support of their family are enough to live a healthy and fulfilling life. For others, a senior living community is ideal so they can be monitored regularly, especially depending on their care needs.
Getting the proper care is integral to success, but one of the other concerns is finances. While many consider a 55+ community to be expensive, it's often more affordable than living at home due to regular care, professional assistance if it's needed, and an understanding that at Silverfern, all of our amenities are included in the monthly cost, rather than having to pay for everything separately, simplifying finances into one easy bill.
Different Levels of Care
As an all-inclusive, 55+, independent living community, we provide a variety of living options to help care for you or your loved ones, including:
Resources To Help You Find Your Community
Financial Options
As you begin finding ways to fund your or your loved one's needs, these are some of the options you can consider for a variety of needs that come with retirement and ongoing care:
- 401(k)
- IRA
- Life Insurance
- Long-Term Care Insurance
- Social Security
Other qualifying programs include:
- Income Assistance
- Longer-Term Care Insurance
- Veterans Benefits
Additional Resources from Silverfern Senior Living
If you're looking for additional resources and information about Silverfern Senior Living, we recommend checking our blog, which includes this blog about financial resources. We cover all sorts of information there. For specific questions, you can contact us online or by calling (513) 563-8333.
We proudly support our communities and are here to help you with all your 55+, retirement, and senior living needs.
