Elder Care Planning

Planning for the years after retirement requires a comprehensive look at one’s health, community and finances.


Maintaining an active life with healthy choices will mitigate health risks, as will regular check-ups for preventative purposes.  Medicare coverage starts at age 65. Prior to that, one may be qualify for state-subsidized health care (Medicaid) based on income level.  Lastly, selecting the right private health insurance plan can cover the rest of your healthcare needs, including prescription drugs.

Use the Washington State Health Plan Finder to select the plan that is best for you.


Depending on the age of retirement, one may still live independently for several years.  However, maintaining the home and independence may become financially and physically exhausting. Therefore, one may also consider:

  1. moving in with adult children,
  2. hiring in-home care service, or
  3. moving into an Assisted Living Facility (ALF)/nursing homes
    • search ALFs in WA by zip code or county using  ALF Locator
    • some regions of the U.S. are providing interest and demographic-specific retirement communities, including LGBT senior housing.


Whether you saved your life’s earnings to live an extravagant retirement and beyond, or have barely saved enough to cover your monthly expenses, you should do a tune-up of your later-in-life financial planning.  Your various sources of money may include income, assets (e.g., a home or valuable personal property) and retirement benefits.  They may also include gifts and inheritance.  How you classify your income will impact your tax liability and net worth.

Retirement income is available in:

  1. 401K
  2. Social Security Income (SSI)
  3. IRA
  4. Veterans pension

Income is available as:

  1. rental property income
  2. business income
  3. assets

Contact us online for a 15-minute consultation regarding your elder care planning needs.