Deciding to Age at Home

When home is where you want to be

For many seniors, the ability to age in their home is a top priority. If you are considering remaining in your home throughout retirement, there are several things that you should consider:

• Is there reliable transportation near by?
• Are there enough amenities near by?
• Are there adequate healthcare services available?
• Is your home equipped for long-term comfort and safety?
• Can you afford to stay where you are, or should you consider downsizing?

If you decide that aging at home is right for you, let us help you with some of the practical details that can make it possible. 

BMO Solutions

Speak to a BMO Financial Group Financial Planner to:

• update or create your financial plan
• arrange for prepaid funeral services
• discuss credit options – a personal loan or line of credit may be useful to make structural changes to your house to facilitate aging at home
• discuss your eligibility to open a Registered Disability Account

Speak to a BMO Nesbitt Burns Investment Advisor to:

• update or create your financial plan
• discuss Power of Attorney

Set up a Tax-Free Savings Account

Other Tools and Links

Aging at Home Strategy - News Release from the Ontario Ministry of Health and Long-Term Care

CARP Calls for National Caregiver Strategy to be included in Federal budget for 2009

Think Tank on Elder Health to address the ‘grey wave” – News Release from the Registered Nurses’ Association of Ontario

University of Toronto resource - Aging in Place in a Changing Neighbourhood

Embracing the Future from the Canadian Home Care Association

See Health Canada’s article: Seniors and Aging – Preventing Falls in and Around Your Home.