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Alot. Leech whatever you can out of your adult children. (hopefully you raised a mighty fine doctor)

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12y ago

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Continue Learning about Gerontology

Are retirement homes good or bad?

Retirement homes can provide a supportive environment for seniors who may need assistance with daily activities or desire a sense of community, but they may also come with potential drawbacks such as the cost of care, reduced independence, and varying quality of facilities. Ultimately, the suitability of a retirement home depends on individual needs, preferences, and resources, so it's important to carefully consider these factors when deciding on long-term care options.


Retirement Communities?

Planning for your retirement takes a lot of time and effort. How much you need to save and for how long is the biggest question most people have. A lot of people start preparing for their retirement when they start working in the early twenties. This is probably the best way to do it.Where you will live is also a question most people have. Do you remain in the home you have lived in most of your adult life or do you move into a retirement community where it will cost you less money every month. What you decide depends on what you require.Most retirement communities offer services that you would not have available to you on the outside. The cost for lawn maintenance for instance would be included in the monthly maintenance fee you would pay to the community association. Although you do pay this monthly fee to the association, you will be saving money over what you would pay if you remained in the home you lived in for years.The way most retirement communities work is that you own the inside of the home while the cost for any outside repairs is paid by the association. This is very important when it comes time for those repairs that can be costly such as a new roof.Saving for a move into a retirement community would be wise as there are fees associated with it. The montly maintenance fee is just one of them. The down payment on the home as well as attorney fees are others. However, if you have owned a home on the outside for years, you would most likely have equity in that home and the sale can help to pay some of these costs.Carefully plan your move into a retirement home, check out a number of them to see what they offer in their maintenance fees and choose the best one that fits your needs. With careful planning, your move can be very beneficial to you. Some of these communities will even offer bus services to bring you back and forth to doctors and shopping. This is another way for you to save each month.


What are the advantages and disadvantages of continuing care retirement communities?

Advantages for retirement communities Access to a wide variety of affordable activities is the number one advantage mentioned by people who like to live in retirement communities. Depending on where you live, you may have easy access to golf, tennis, swimming, art studios, woodworking shops, garden plots, live theater, clubs and social activities. Meanwhile for disadvantages . The number one reason people have given for not wanting to live in a retirement community is that they are living in their current home or neighborhood where they have lived for a number of years. If you have close ties to your neighbors and your community, you may see no reason to move a new community where you would have to form new relationship.


what are some ways to live comfortably in retirement?

There are tons of site out there to help you figure out some ways for living comfortably in retirement, check out these websites www.getrichslowly.org/.../how-to-live-well-on-less-in-retirement/


When you retire from the military will you get a cost of living each year added to your retirement pension?

Yes you will. Cost of living and or other. May not be much but if you live North of the Mason Dixon line make sure you have 3 pair of long underwere on every night at bedtime. Cut the thermostat down to sixty two. Actually it's good sleeping in the cold but hell to go pee.

Related Questions

If I wanted to live in a retirement community in Salisbury, MD, what is the average monthly cost?

Average costs for a year in a retirment home in MD is around $15,000. This price can vary depending on the home you live in.


How much is the cost per month if you live in a senior retirement community?

Cost vary greatly depending on the location of the community and the services offered. For independent living communities in the United States the cost of living is usually between$1500 and $3500 a month.


What is the cost to live at prestwick chase retirement community in Saratoga springs?

The cost to live at Prestwick Chase Retirement Community in Saratoga Springs varies based on the type of accommodation and level of care required. Generally, residents can expect monthly fees ranging from approximately $3,500 to $6,000 or more, depending on the services and amenities chosen. It's best to contact the community directly for detailed pricing and availability tailored to individual needs.


What company is the best low cost wireless internet service provider?

Depending on the service area that you live in, if you live in a rural community or urban community, will determine your average cost of wireless internet. Typically though, on average a cable modem connection tends to be the cheapest, followed by a LAN line connection through a phone company, and then followed by satellite service providers.


Move to a Retirement Community?

form_title=Move to a Retirement Community form_header=These facilities can provide care and activities for elder members of society. Do you require any special help in order to live on your own?= () Yes () No What type of features would you like?=_ What if any form of income will you be receiving during your retirement? =_


How much does community cost?

depends what state you live in. go to your community college's website.


What is the Average retirement amount to live off of?

While there is probably statistics on the average retirement amount to live off, the answer to this question depends on a person's specific financial situation. Typically you spend about 75% of your pre-retirement spending during the initial years of your retirement. This amount increase each year during your retirement by inflation. Therefore you need to generate enough retirement income to cover your specific retirement spending. This is difficult to calculate for some people. I suggest visiting the Retirement Calculator at VestingPoint.com (see link). It will help you determine how likely you are to have enough money for your retirement. You can try the site for free.


What was the average income in 1800?

it was about 16.50 per week the average cost was about 18 to live.


What is the average cost of bond funds in America?

The average cost of bond funds in America .78 percent. However, it mostly dependent on where you live that determines the cost.


How much is the average cost of baby shorts?

It depends where you live.


What is average cost of live in maid?

300 per week


What is the Average cost of living today?

That depends on where you live and your income.