U.S. Census Bureau states that 20 percent of the total U.S. population will be over the age of 65 by the year 2029.  According to a 2015 survey by AARP, 90% of Americans that are 65 years and older want to stay in their homes forever.  Remaining in the place where you have the most (and best) memories is to be expected, but the question surrounds whether your home is conducive to support your ever-changing needs and lifestyle.  Staying in your home is a great idea, but it is more important to determine how you will be able to stay there safely and comfortably.

Aging in place is a term used to describe a person living in the residence of their choice.  For it to remain your choice, you should begin to start planning now.  Here is a list of a few things you should consider when deciding to age in place:

1. Look at Your Financials. 
Determining what makes sense for you and your family financially is the first step.  Staying at home long term and moving into an assisted or independent facility both have costs associated with it.  Staying at home means that you will have to pay your mortgage, taxes and insurance while ensuring that the maintenance is kept up on your home.  You should also consider any modifications the would need to be done so that you can stay safe and comfortable. Staying at home for most is more cost effective than moving into an assisted or independent facility, but you, with your family, must determine what you can afford and what’s most important for you.  An elder law attorney or certified financial planner would be great resources to consult for guidance in this area.

2. What is Your Social Life Like? 
Social connections are the primary reasons seniors want to age in place.  Family, friends, religious institutions, social clubs, etc. are established support systems within your community and visiting with them are a part of your normal routine.  Active people are happier and healthier while the lack of social connections can lead to isolation which develops into depression and loneliness.  You will have to consider that your ability to maintain a social life will depend on your social contacts location in vicinity to yours.  In this sense, there is a benefit to independent living facilities because they are established communities and established communities tend to offer more resources or access for you to participate in social activities.  Maintaining a social life is important to the happiness and longevity of your life.

3. Who Will Help?
You will need to make it to medical appointments, get groceries, run errands, etc. and who will help you with that? Will it be neighbors and family or will you need help from someone else? Whether aging in place or are a resident in an established assisted living facility, your facility and/or local government offer great options for easily accessible support in these areas.  Contact your facility or local government for additional information.

4.  What To Do When Your Needs Change.
Your health and needs will change as time goes on, so planning to evaluate the positives and negatives of each option will provide you an opportunity to make the best long term decision for you and your family.  Frequently reviewing your personal situation will be important because your situation is likely to change regularly, and evaluating those changes will ensure that you are positioned to live your best and happiest life.