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"Caring about You and Your Money"

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Assisted Living Near Me - Can you Afford It?

If living in your existing home becomes unmanageable, it may be time to consider moving to Assisted Living or Sheltered Accommodation.  These properties provide the benefits of retaining your independence whilst offering security and support from qualified staff. They are also designed to provide easy and worry-free living.

Depending upon the facilities being offered, the regular fees can vary considerably.  For example; medical, home help, activities and property maintenance, will increase the cost. These communities do however offer the opportunity to live in accommodation specifically designed to provide comfort and security.

Regular maintenance fees would normally be in addition to the cost of moving in. You will need to consider the options of property purchase, renting, or a combination of both.

This option could provide an attractive solution at a very difficult time in life and give peace of mind to the family when full time care is not required. Living near your family may also be a consideration.

image of elderly lady at their assisted living accommodation with one of the support staff talking to her. This image depicts the lifestyle that ssomeone can have who has carefully thought through how they can fund the onging care home maintence fees for this type of living

What Can Midas IFP Offer You?

Our financial advice is derived from a particular understanding of this process and is enhanced and supported by the membership and accreditation gained from SOLLA, The Society of Later Life Advisers.

Head and shoulders image of Steve Tait, Director and lead Financial Adviser of Midas Independent Financial Planning Ltd based in Gainsborough, Lincolnshire

Steve Tait
An accredited member of SOLLA

Official image of SOLLA depicting that Steve tait is an accredited member of the Society of Later Life Advisers
Head and shoulders image of Steve Tait, Director and lead Financial Adviser of Midas Independent Financial Planning Ltd based in Gainsborough, Lincolnshire

Steve Tait
An accredited member of SOLLA

Official image of SOLLA depicting that Steve tait is an accredited member of the Society of Later Life Advisers

We will help you through the many financial options which need to be considered in recommending a financial plan. This may well include guidance and advice on administration, liaison with the property agent, State benefits advice and the legal considerations, to ensure a worry free process.

The plan will be designed to ensure security and peace of mind, but importantly will allow for flexibility during future years when health issues may result in assessing if a Care Home environment may be more appropriate. Please visit our Care Home Funding page where we provide more information.