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What People Are Saying About Their Retirement CommunitiesPosted by SEP-SOLO-IRA-401k-ROTH on: 2007-03-19 11:29:48 in category:
Retirement Planning News [ Print | Permalink / 0 Comment(s) ] As retirement approaches, I'm anxious to make the most of my limited finances and am considering moving to a retirement community. For me this is a major financial commitment, so I was anxious when I read someone saying that many of those communities are like concentration camps and determined to find out more about what other had to say. I was attracted to the idea of joining a retirement community as it would finally free me of mowing the lawn, keeping up the garden, costly home repairs & decoration and all the other cares that come with taking care of a property. A visit to the http://groups.google.com/group/soc.retirement showed mixed, but mainly positive views on the concept of a retirement community. Whilst many people just don't understand retirement communities, for other they offer the lifestyle they've worked towards whilst allowing you to plan your finances. They also offer the ease of access to facilities such as shopping, bank, leisure facilities and clubs for hobbies. For those facing the loneliness of living on their own, it can give you the opportunity to meet others in a relaxed and informal setting. It's surprising how many people can deny that they may ever need assistance taking care of themselves! If you have health concerns which may mean that one day you're unable to manage by yourself safely or comfortably, taking this initial step can help to allay fears and worries about the cost of health care, so taking out an all inclusive contract where your care is already paid for can be an attractive option. For many, the main concern is the restrictions placed on you. This can include the number of nights visitors can stay, where they are permitted to park or even how you decorate your patio. However, the overwhelming benefit is the fact that there's no longer the concern of looking after your own home and the costs of maintaining your property are now shared. Whatever your decision, make sure you find look carefully at any option and consider the financial implications. About the Author This article was submitted by Jen Carter Jen retired early and is enjoying the fruits of a more relaxed lifestyle. You can find the 21 things you must consider before choosing a place to retire here. |
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