The Best Living Options For Seniors To Live Comfortably In Their Twilight Years

Having a home to live in and a roof over your head when money is tight

As you age and near retirement, you may be thinking about adjusting your living arrangements. There are numerous options available to you, whether you own a home or rent living space.

  • Remain in the Family Home
  • Rent
  • Senior Care
  • Retirement Care


Remain in the Family Home

If your goal is to remain in your family home as you age, it makes sense to consider changes to the property that will help you stay independent. Plan for transportation to events, and budget for making mobility modifications to your home so that you can still get around it as necessary. It may be wise to consider installing bathroom safety bars, handrails near stairs, or even replacing the stairs with ramps where possible.

If you're thinking about releasing your home's equity, be sure to consult with a financial advisor about this major decision.

If you've been considering downsizing to a less expensive or smaller living space, spend some time considering what it will cost you to sell your home and then purchase again in the market. Be sure to account for the cost of moving, taxes, any legal fees, real estate agent commissions, and any closings and inspections.


Many individuals opt to rent a home due to rising housing costs. In some situations, you may be eligible for rental assistance from local charities or government agencies that assist senior citizens.

Spend some time learning about your rights as a renter in your state and city, then reach out to local charities. Government agencies may provide help to both tenants and landlords, while tenant advocacy groups are organized only to assist tenants.

Senior Care

If you are experiencing difficulty handling the everyday tasks that you used to be able to manage, it may be time to consider options for retirement care. You may be able to seek out retirement care, nursing home care, or even a short break in a retirement facility.

Retirement Care

Most retirement homes have a range of flexible living options, including independent care, senior living, and nursing care. Opting for this type of care doesn't mean that you're a property owner, but you're bound by specific legal agreements.

When you sign a contract, it's important to understand all of the fees in the contract and how they may change over time. If you'll be renting a retirement property or contracting for retirement care, it's important to have the terms in writing.

It's important to begin researching your senior accommodation options as soon as possible when planning your retirement so that you'll have a secure living situation when you retire.