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22 LIVE IT UP! SUNDAY, JUNE 29, 2014 SANTA CRUZ SENTINEL "Our friends thought we'd be happy to have contractors out from under our feet, but the opposite is true . . . we miss them now that they're gone!" -B.W The bathroom in this century-old Capitola home was not designed with limited mobility in mind, so with an eye to the future, the homeowners called Team Tal- madge for an Aging In Place inspired makeover that turned out better than they imagined. In their own words: "We're really pleased with the design and planning; there was a lot of good communication. Danielle [Gre- nier, architect] figured out how to expand the room enough so we got a big walk-in shower. It's sloped so efficiently! There's no way for water to get out and damage the hall flooring." "They made all the space functional with new built- in cabinets next to the toilet. They work perfectly for bathroom storage. The room is well-lit now with new recessed lighting. We're also happy to have updated plumbing and electricity." Adapting a Bath for the Future Call us to discover the beautiful ways your home can be adapted to meet your future needs and budget. 831.689.9133 www.talmadgeconstruction.com The New Challenges of Longer Retirements R etirement is an important mile- stone, and with today's length- ening life spans, those retiring at or around age 65 may have two decades or more still ahead of them. Longer retirements call for a relent- less focus on expenses. Develop a detailed cash flow plan to document exactly where your money will come from and where it will go. Make sure you build a margin of safety into your spending plans. Two of the biggest challenges for retir- ees are healthcare costs and inflation. Both are essential- ly unknowable, and both can have a ma- jor impact on your financial situation. If you plan for higher expenses in these ar- eas, you're less likely to get caught short down the road. Another critical part of planning for longer retirements is ensuring both spous- es can manage the finances. If you hav- en't planned for one spouse to take over from the other, you haven't planned sufficiently. We're fortunate to live in an age where many of us live longer and full- er lives. Now we need to plan accord- ingly for those extra years. Material prepared by Raymond James for use by its financial advisors. By Eric J. Costello, President, Costello Wealth Strategies Financial Advisor, Raymond James Financial Services