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Taking the plunge into retirement or semi-retirement can be daunting enough without making the choice to move into a new home at the same time. But many people age 55 and above are choosing to leave their high maintenance or too large family home to move into active adult communities, which are restricted to households with at least one member age 55 and older.
In many of our neighbourhoods there are not readily available exercise facilities or social opportunities. This can make it difficult for retired people to maintain a previously healthy lifestyle. Keep in mind, a healthy lifestyle doesn't just include exercise, but also social connections and mental stimulation as well. All of these factors can be supported by a good retirement community.
There is no denying the fact that when you retire your lifestyle too changes. This does not in anyway mean that you will no longer lead a happy and contended life. Retirement can be beautiful if you plan it well. Unlike in years gone by, planning for life after retirement requires much more thought and more money simply because our expectations are much higher today.
65 is a number with quite important meaning in North American society. It is the traditional age for a person to leave the work force behind, and to enjoy their golden years in a warm locale. Retirement is a reward for decades of hard work, and is a time of life that many people look forward to.
Sooner or later you as a senior will move out of your home to downsize your living requirements. Perhaps your children have grown up and gone to make the world a better place. Possibly you have recently lost your partner. Whatever the reason, you may possibly have decided to rent an apartment. If that is the case there are some things you must be aware of and some things you may want to avoid.
Do you know how much money you will need at retirement? Do you know if you will even have that much money? The best method to know for certain is for you to start putting together your retirement worksheet today. Before you begin your worksheet, however, you will need to answer the following 3 vital questions...
This is a quote from the website for Boston's Beacon Hill Village, not a place, but an organization. Founded in 2001, its members consist of a group of residents facing the decison of relocation to retirement communities. They loved their homes and were looking for an alternative to moving, but they needed someplace safe that provided the services they required.
