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.-Start Time ... Topic Title About Liz and LisaLiz 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.We would love to have you as a regular podcast listener. Please share and subscribe to Vector’s Well Balanced on Apple Podcasts or Spotify.