Make These Home Modifications to Age in Place

Elizabeth O'Brien is a senior writer at Money

A majority of adults want to age in place, surveys consistently find. It’s understandable that folks want to remain at home, where they’re comfortable and surrounded by memories and community. Plus, moving is hard! Yet done right, aging in place requires hard work too — and a healthy dose of imagination. What will it look like if you’re no longer able to climb stairs or navigate your tub and shower combination? Maybe you’ll move the master bedroom to the first floor and install a walk-in tub. If done before they’re needed, those home modifications can go a long way to helping you achieve your goal of aging in place. See Money’s picks for the best walk-in tubs in today’s edition. They look pretty relaxing to me!

Best wishes,
Elizabeth

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TIMELY RETIREMENT NEWS, INSIGHTS, AND ADVICE

The Best Walk-in Tubs for Your Money, According to Home Improvement Pros

They help minimize fall risks.

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Nearly 4 in 10 credit card users say they only pay with plastic these days.

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RETIRE WITH MONEY COMMUNITY INSIGHTS

Last week, I wrote about the importance of shopping around during Medicare open enrollment. But don’t take my word for it: Members of the Retire with Money Facebook group are sharing their success stories! One wrote, “I have a very low-cost Part D drug plan. Monthly premium is under $15 and the meds I take are all Tier 1 and have a $0 copay if I get them through the mail-order pharmacy. Can't do any better than that, right? Well, I just did the recommended comparison shopping on the Medicare website and found a new plan that will cost me less than HALF of what I am paying!” Another agreed: “ We are saving over $800 next year by switching Part D providers. I check every fall and usually, although not always, find a cheaper plan.”

The members didn’t name their particular plans, because costs and availability vary by location. Check out the Plan Finder tool at Medicare.gov to explore your options!

HOW TO TAKE CONTROL OF YOUR RETIREMENT

No matter where you are in your career, saving for retirement should be part of your plan. Even if you can save only a small percentage of your income, it's important to get into the habit of saving regularly—ideally in a tax-advantaged retirement account, such as an IRA or a 401(k). Try to work up to saving at least 15% of your pretax income for retirement, including any match from your employer. Investing for growth can be an important next step. Over time, investment growth and compounding returns can help boost your savings and help you feel more prepared for everything from unexpected health care expenses to inflation and longevity. Fidelity is here to help you get ready for retirement.

Here's the first thing you should do

Investing involves risk, including risk of loss.
Fidelity Brokerage Services LLC, Member NYSE, SIPC. © 2020 FMR LLC. All rights reserved. 938453.2.0

RETIREMENT NEWS FROM AROUND THE WEB

OPINION 2020 Election: 10 Questions About Aging in America for the Presidential Candidates

An aging influencer shares what he’d ask the two presidential candidates. NEXT AVENUE

It’s Corporate Open Enrollment Season

Maximize your tax savings by taking advantage of health savings accounts and other benefits. CNBC

Here’s How to Prepare for the Risk of Dementia

Take these steps before a loved one is diagnosed. MARKETWATCH

Pandemic Stress Takes Its Toll

Here are some tips on how to cope. KAISER HEALTH NEWS

Elizabeth O'Brien is deputy editor at Money. She has covered retirement and health care for nearly a decade. A Brooklyn resident and mom of two boys, she navigates the alphabet soup of Medicare and the New York City subway system with equal ease. You can email her at elizabeth.obrien@money.com and follow her on Twitter at @elizobrien.

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Make These Home Modifications to Age in Place

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