"I'm 61, widowed, and still work full-time as a registered nurse in a very busy hospice house. I lost my husband four years ago, and since then went through a medical scare twice, diagnosed with cirrhosis, sleep apnea and chronic anxiety, have bought and sold two homes, purchased a new car and created significant credit card debt twice. When I retire, I won't be able to afford my house, so I will need to move (again)."
"The first thing you'll want to do is talk to a financial adviser, who can review your assets and debts and give you a concrete plan that will keep you financially solvent and help you get some peace of mind. Medical issues and money woes can create a fog of anxiety that obscures the path forward. It's hard to make wise decisions or to feel confident you haven't made a mistake."
Seek a financial adviser to inventory assets, debts and create a concrete plan to secure solvency and reduce anxiety. Use local senior centers, public libraries or NAPFA to find vetted advisers. Engage family members early to clarify caregiving, proximity preferences and support options given medical needs. Explore housing alternatives such as downsizing, renting, condominiums, assisted living or moving near relatives. Evaluate access to healthcare, transportation, social opportunities and costs before choosing a location. Consider trial stays or temporary rentals to avoid a final feeling. Address debt, estate planning and timelines before listing the house.
Read at www.mercurynews.com
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