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How many of us have really thought about what our lives will look like as we age?ย  Let’s face it, when it comes to aging, a lot of people are in denial.

Most people spend their lives planning the other big things: where to buy a house; their childrenโ€™s education; what car to drive; where to go on holiday. Some of us are also good at saving for retirement and doing financial planning. Yet, how many of us know where we will live and how we will navigate getting older?

We know that 70% of people over the age of 65 will need some form of long-term care. In developed countries, the average life expectancy is 79 years for men and 82 years for women which means that this is something that all of us need to plan for.ย 

Retirement home
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Aging

There is an understandable reluctance by many people to try to visualize what this stage of life might mean for them. There is also an unfortunate lack of information in the market about what options are available. For most, the notion of a nursing home or old age home is simply not something they want to contemplate, and who can blame them? It is, however, an outdated model of living.ย 

When it comes to aging, you donโ€™t need to be retired to live in a senior living community, nor do you need to be at a stage where you need care. You simply need to be a person who wants to grow older in a hassle-free. With a managed environment with a vibrant social life and hospitality services, where you know that comprehensive care is available, should you require it?ย  ย 

In the absence of helpful information about the alternatives, people tend to fall into five broad categories or personality types when it comes to the way they make decisions about their senior years:ย ย 

1. Iโ€™m Not Going Anywhere

These are people who donโ€™t even want to contemplate the notion of moving. Perhaps they currently have a good quality of life and donโ€™t believe that they will need to worry about that changing in the near future. There is probably a degree of naรฏve hope here that they will live happily in their existing homes until the end. While itโ€™s not out of the realm of possibility, it is fairly unlikely.

2. Iโ€™ll Outsource Everything I Need

Similar to the above example, this kind of person realizes that they will probably need a degree of assistance with certain things as they get older, so they decide that when they need help, they will get someone to come to them.

While that generally works well for servicing the garden or getting the house cleaned, it might work less well when it comes to managing oneโ€™s personal and health needs.ย 

retirement home
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If youโ€™re going to go this route, you need to find out what home healthcare services are available in your area and look carefully into cost, reliability, and competence before you commit.

3. Iโ€™ll Move In With My Children

This has traditionally been a good option in many societies through the ages, and it can work well for families. Although in modern society, there are things to consider.

Many people are having children later in life, which means that you wonโ€™t be moving in with your 40-year-old children. Youโ€™ll be moving in with your 60-year-old children! We also live very differently nowadays, which means that your children may not have the space to accommodate you. They also likely lead busy lives of their own which has implications on the time they will spend with you.

4. Iโ€™ll Wait Until I Need To Move

When it comes to aging,ย  a lot of people donโ€™t see the need to plan for a move until circumstances dictate that they have to.

Such circumstances might be easier such as that oneโ€™s house is now too big for just one or two people, but they might be difficult such as a health crisis. The latter is the kind of situation that one ideally wants to avoid because it inevitably means that your options will be limited.

A sudden scramble to find the right environment. In a crisis in a suitable location, at the right price, with the appropriate care is seldom going to yield an optimal result.

Retirement community
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5. Iโ€™ll Plan To Move To A Retirement Community

This is by far the best option, and itโ€™s not one that is new.ย  Retirement villages, as we have come to know most of them all over the world are plentiful.

However, they are not all created equal. The most modern and best option is what is termed a continuing care retirement community (CCRC). ย Auria, is a good example of a CCRC.

Aging should be fun

The best way to secure your future is to start doing the research and planning in advance of your retirement date. Aging with a goal in mind!ย  I believe that people can spend their golden years living their best quality of life in a way that they choose to and not a compromised one.ย 

Barry Kaganson

Barry Kaganson

Barry founded Auria Senior Living in 2016, after realizing that the over-70s in South Africa were faced with limited choices regarding their later living and care options.ย ย ย  Barry is a Chartered Accountant (SA), with extensive experience in Corporate Finance in South Africa and the UK, as well as 15 years in Property Finance, Development, and Management. In 2009, Barry co-founded South Africaโ€™s largest off-campus Student Housing provider, now owned by one of SAโ€™s largest listed REITs. ย โ€œWe bring global best practice into our Continuing Care Senior Living Communities and see it as our duty to enhance our residentsโ€™ quality of life on a daily basis.ย  Onesโ€™ later years should be lived with confidence, and without compromise, and it is up to our team to ensure that this is so.โ€ In his spare time, Barry tries to keep fit and spend as much time as possible with his wife and young children.

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