--- title: How to Finance Senior Living description: Seven ways to finance your move to a senior living retirement community. image: https://blog.eskaton.org/hubfs/2017/Blog/afford-senior-living.jpg --- [![Logo](https://blog.eskaton.org/hs-fs/hubfs/Logo.png?width=350&height=75&name=Logo.png "Logo")](https://www.eskaton.org/) **[eskaton.org](https://www.eskaton.org/)** [Eskaton](https://blog.eskaton.org/author/eskaton) 2 November, 2021 | 2 min read Search Blog ### Posts by Topic - [Independent Living (157)](https://blog.eskaton.org/topic/independent-living) - [Assisted Living (105)](https://blog.eskaton.org/topic/assisted-living) - [Residents + Staff (103)](https://blog.eskaton.org/topic/residents-staff) - [Wellness Tips (101)](https://blog.eskaton.org/topic/wellness-tips) - [In the News (81)](https://blog.eskaton.org/topic/news) - [Information & Assistance (53)](https://blog.eskaton.org/topic/information-assistance) - [Testimonials (50)](https://blog.eskaton.org/topic/reviews) - [Philanthropy (43)](https://blog.eskaton.org/topic/giving) - [Eskaton Village Carmichael (35)](https://blog.eskaton.org/topic/eskaton-village-carmichael) - [About Eskaton (34)](https://blog.eskaton.org/topic/eskaton) - [Ask the Expert (30)](https://blog.eskaton.org/topic/ask-the-expert) - [LifeBios by Students (23)](https://blog.eskaton.org/topic/lifebios) - [Senior Living Community (19)](https://blog.eskaton.org/topic/senior-living-community) - [Age is Beautiful (18)](https://blog.eskaton.org/topic/age-is-beautiful) - [Celebrating Diversity (17)](https://blog.eskaton.org/topic/celebrating-diversity) - [Living with Dementia (17)](https://blog.eskaton.org/topic/memory) - [Memory Care (17)](https://blog.eskaton.org/topic/memory-care) - [Technology (14)](https://blog.eskaton.org/topic/technology) - [Signs it is Time for Help (13)](https://blog.eskaton.org/topic/signs-it-is-time-for-help) - [Well-Being Philosophy (13)](https://blog.eskaton.org/topic/well-being-philosophy) - [Senior Living (12)](https://blog.eskaton.org/topic/senior-living) - [Emotional Health (7)](https://blog.eskaton.org/topic/emotional-health) - [Fall Prevention (7)](https://blog.eskaton.org/topic/fall-prevention) - [Kids Connection (7)](https://blog.eskaton.org/topic/kids-connection) - [Heart Health (5)](https://blog.eskaton.org/topic/heart-health) ## How to Finance Senior Living Moving can be exciting, but if you’re like most people, one of your biggest concerns is how to pay for it. ![afford-senior-living.jpg](https://blog.eskaton.org/hs-fs/hubfs/2017/Blog/afford-senior-living.jpg?width=559&height=240&name=afford-senior-living.jpg) Check out these financial strategies that can help make moving more affordable.  **7 Ways to Help Fund Senior Living** **1. Sell your home.** Do you know how much equity you have in your home? **2. Downsize your belongings**. What is the value of furniture, vehicles, and assets you’ll no longer need in your new home? **3. Use your veterans**** benefits.** If you are a veteran or the surviving spouse of a veteran, you may qualify for Veterans Aid and Attendance Pension. [Find out more here. ](http://www.benefits.va.gov/pension/aid_attendance_housebound.asp) **4. Do you have long-term**** care insurance?** Make sure you understand what your policy covers. Premiums, daily benefits, elimination periods, what is covered, and method of reimbursement vary dramatically per policy. **5. Use an annuity.** Annuities provide a way to take a pension or other "nest egg" of money intended for retirement and use it to obtain a guaranteed income that pays out until your death. **6. Tap in to your retirement savings.** Individual Retirement Accounts (IRAs), 401(K)s, pension, personal savings accounts, and any other investments you may have. **7. Social Security income.** As you research your financial options, make sure you talk with a trusted accountant or advisor. Make sure to ask financial questions as you[tour senior living communities](http://www.eskaton.org/communities-services.html), such as: What costs are included? What costs extra? Are fees refundable? Lastly, don’t forget to conduct a cost comparison of senior living communities to your current living expenses. It will help ensure you include all expenses, make a fair comparison from community to community and allow you to easily lay out and compare costs.   ### Share This Post! - - - ## Get in touch! Feel free to contact us to learn more about all of our senior care services. [![Logo REV](https://blog.eskaton.org/hs-fs/hubfs/Logo%20REV.png?width=1500&height=322&name=Logo%20REV.png "Logo REV")](https://eskaton.org) © 2025 Eskaton • All Rights Reserved - - - -