Step 10 – Meet with Your Financial Advisor: Turn Information into Insight

After gathering all the key information—your home equity, renovation estimates, senior living costs, and current monthly expenses—it’s time to bring it all together with the help of your financial advisor.

This step is about transforming data into insight. Your advisor can help you understand how your financial resources align with your housing and care goals, and what’s truly sustainable over the long term.

Key Questions to Explore with Your Advisor

• Will my cash flow cover my monthly expenses in each scenario?
• Will my savings last through my life expectancy, considering:
  • The expected rate of return on my investments?
  • The impact of inflation over time?
  • The rising cost of healthcare and long-term care?
  • Potential changes in my spending habits?
  • Other personal or economic factors?

Why This Step Matters

Financial modeling helps you see the full picture—what’s possible, what trade-offs may be necessary, and how to plan for the unexpected. It ensures your housing decision supports not just your lifestyle today, but your peace of mind in the years to come.

Tip: Bring all your completed worksheets and documentation to this meeting, including:

• Your vision statement
• Obstacles worksheet
• CAPS and home inspection reports
• Cost estimates
• Community comparison worksheet

📌 Next up: Step 11 – Meet with Your Estate Planning Attorney

Once your financial plan is clear, it’s time to make sure your legal documents reflect your goals and protect your future.

Want the Full Guide Now?

If you’re ready to dive deeper into all your housing options without waiting for the full blog series, you can download the complete workbook today. Navigating the Next Chapter: Housing Options for Seniors in Transition is packed with expert insights, practical worksheets, and step-by-step guidance to help you or a loved one make confident, informed decisions.

Click here to get your complimentary copy now.

About Forevermore Homes

We’re the Forevermore Homes Team of Coldwell Banker, and we’re passionate about helping seniors and their families make confident, informed decisions about housing and care. Whether you’re modifying your home, downsizing, or exploring senior living options, we’re here to guide you every step of the way.