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Essential Financial Steps for Seniors to Age Comfortably at Home

KVIA•Saturday, January 24, 2026 at 9:20 AM•Stacker

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AI Summary

A recent AARP survey reveals that 75% of adults aged 50 and older prefer to age in their current homes, but financial challenges often complicate this desire. As costs for in-home care and necessary home modifications rise—expected to increase by 10% by 2025—it's crucial for families to plan effectively. Key considerations include estimating home care expenses, budgeting for home modifications, addressing existing debt, and inventorying assets. Seniors and their families are encouraged to conduct home safety audits and consult professionals for tailored advice to ensure a sustainable aging-in-place strategy.

Key Details: • Conduct a home safety audit to identify necessary modifications. • The median cost for a home health aide is approximately $6,483 per month. • Home modifications can range from $350 to over $50,000 depending on the scope. • Nearly half of Americans ages 50+ carry credit card debt, which can impact retirement savings. • Consider consulting a Certified Aging-in-Place Specialist for personalized recommendations.

retirement aging home-care financial-planning home-modifications

People & Organizations

Nina Pflumm HerndonBrandon RenfroAARPAging Life Care AssociationSage EldercareBelonging Wealth Management

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