What Is A Retirement Community ?
A retirement community refers to different types of housing facilities that are meant for people who are retired and no longer work. Some of the communities have a restriction on age, and hence cater just to seniors. This type of community is different from a retirement home. In the latter, the residents live in a single building in their own private apartments or rooms, but everything else is common. On the other hand, a retirement offer planned houses along with a whole array of amenities, retail shops and medical facilities. More...
Benefits Of Retirement Community
Most people wait for their retirement, as it is an opportunity to start doing all the things they put off while they were working. The years after retirement are not called golden years without a reason. However, in today’s economic scenario, indulging in one’s passion may not be good financial sense, as it could deplete life savings in a blink of an eye. Hence, many seniors opt for living in retirement communities. However, there are some who first want to know what are the benefits of retirement community. More...
Average Cost Of Living In Retirement Community
Many seniors who retire do not even think about moving to a retirement community because they believe that the cost is prohibitive. However, there are different types of retirement communities that can cater to all types of income groups. Some communities are located in urban areas, while others are in suburban areas. Also, the average cost of living in a retirement community depends on the type of house the retired person is looking for. Houses can range from a single bedroom home to a subsidized housing especially for low income seniors. More...