34 Worcester Business Journal | November 2, 2026 | wbjournal.com
SENIOR RESOURCE GUIDE
Senior life
planning checklist
RETIREMENT TRANSITION
Determine financial readiness
• Identify assets
• Determine income replacement(s)
- Social Security
- Pension & retirement accounts
- Savings account
- Investment proceeds
- Veteran benefits
- Public assistance
• Check for accrued vacation pay
• Calculate living expenses
• Plan for healthcare costs
• Evaluate credit needs
• Factor in future taxes
• Create a leisure budget
(activities, dining out, travel)
Pay down debt
Identify and train successor
Consider emotional readiness
Plan for extra time
• Enjoy hobbies and travel
• Volunteer
• Work part time
HEALTHCARE PLANNING
Identify health insurance options
• Medicare & Medicaid
• Long-term care insurance
• Private plan via spouse
• Veteran benefits
Compare prescription drug coverage options
Prepare advance directives
• Living will
• Durable power of attorney for health care
(healthcare proxy)
HOUSING READINESS
Aging in place
• Consider downsizing
• Modify home for accessibility
• Identify programs for assistance
- Delivery services (meals, groceries,
prescriptions)
- Financial assistance (loans, affordable
housing, fuel)
- In-home care
The Right Care,
Feel confident knowing support is
close to home. From companionship
to help with everyday activities,
SALMON Private Care Options
helps older adults maintain
independence, dignity, and comfort,
while giving families peace of mind.
As needs change, we're here to
help you navigate what comes next.
Our home care services connect
you to SALMON's continuum of
independent living, assisted living,
and other care options.
Right Where
You Belong.
SALMON Private Care Options
Personalized Home Care
508-422-1811
37 Birch Street, Milford, MA 01757
www.salmonhealth.com
Discover the support that's right for you.
