Sharon Calhoun, managing director at Vector, is joined by senior housing counselors Liz Rue and Lisa Woltrang from Folkestone, a senior living community in Wayzata. In this conversation, they emphasize the necessity of discussing transitions during times of calm rather than crisis, allowing for thoughtful decision-making.
According to the Administration for Community Living, 70% of adults over 65 will require long-term care at some point, with an average stay of 3.2 years in a senior living community. Liz and Lisa...
Sharon Calhoun, managing director at Vector, is joined by senior housing counselors Liz Rue and Lisa Woltrang from Folkestone, a senior living community in Wayzata. In this conversation, they emphasize the necessity of discussing transitions during times of calm rather than crisis, allowing for thoughtful decision-making.
According to the Administration for Community Living, 70% of adults over 65 will require long-term care at some point, with an average stay of 3.2 years in a senior living community. Liz and Lisa highlight that senior living isn't just about nursing home stays but encompasses a range of options for active, maintenance-free lifestyles. They emphasize starting the process early, exploring various communities to find the best fit, and preparing for potential future needs.
The discussion addresses the financial aspect, noting that senior living costs can range from $4,000 to $13,000 per month, depending on the level of care and services required. When thinking about a senior living community, Liz and Lisa suggest starting with what's important to the individual, such as proximity to family or community amenities, and then seeking guidance from housing counselors. The importance of experiencing different communities firsthand is underscored, as is the practicality of being on a waitlist without immediate financial obligation.
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Start Time ... Topic Title
00:09 ... Choosing a senior living community
00:40 ... Folkestone‘s Liz Rue and Lisa Wotrang
01:08 ... Who will require long term care
03:09 ... When to consider a senior community
04:21 ... Control over that part of your life
05:42 ... Full continuum of care
07:05 ... Where to Start
09:16 ... Feeling Well & Vibrant
10:47 ... Staffed 24 Hours a Day
11:49 ... Wait List
14:12 ... Start here, Move there
16:13 ... Financial Considerations
19:23 ... Contracts. When to get family involved.
21:40 ... Seriously, Start Early
23:51 ... About Presbyterian Homes
25:48 ... Additional Resources
27:20 ... Regulatory
About Liz and Lisa
Liz Rue and Lisa Wotrang are housing counselors for Folkestone, a senior living community in Wayzata which is part of Presbyterian Homes and Services. They assist those who are looking for senior living opportunities by offering education and resources to ensure the community aligns with the senior and their family’s needs and vision. They also support prospective residents and representatives through decision making process for the higher levels of care such as assisted living and memory care. Learn more by visiting the Presbyterian Homes website www.preshomes.org. Note: Vector Wealth is not affiliated with Presbyterian Homes.
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