OB Report
February 2020
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Aging in Place

HeatherBy Heather Rivers,
Communications and Education Specialist, Odlum Brown Financial Services Limited

Being able to stay comfortably and safely in our own homes while adapting to changes brought about by aging can become a concern as we grow older.

Too often, seniors or people who support them may hesitate to ask for help. Reasons for this can include a fear of losing independence, distrust of strangers who could access the home or simply a lack of information about potential options.

It can be particularly challenging to know where to turn when warning signs, such as the following, emerge:

  • decreased nutrition and erratic meals
  • difficulty with mobility, sight or hearing
  • isolation, mood issues
  • short-term memory issues
  • difficulty bathing, dressing, toileting, taking medications, walking or eating

Resources to Help with Aging
The resources below are some examples of services in BC that may potentially help make aging in place easier.

Financial Assistance for Home Renovations
Making physical adaptations to a residence can help reduce hazards and barriers as our abilities change. In addition to making our home more comfortable, investing in adaptations may also reduce the risk of experiences such as a fall that could ultimately result in us being removed from our home. Programs such as the ones at right can help offset costs to modify a home for a senior or person with a disability and, depending on the program, homeowners or landlords may be eligible.
For more information about financial planning for aging, contact us through your Odlum Brown Investment Advisor or Portfolio Manager.

Odlum Brown Financial Services Limited is a wholly owned subsidiary of Odlum Brown Limited, offering life insurance products, retirement, estate and financial planning exclusively to Odlum Brown clients.