Last updated on June 10th, 2022 at 11:23 pm
Most retirement community members say they should have planned sooner or say they wish they would have moved earlier. Considerations include: location, amenities, the importance of socialization and community, the right time to make a move, and financial considerations, including holistic legacy and distribution planning. If you’re planning to retire in your own home but have mobility issues, you may have Pride Mobility Viva Power Lift Chairs installed in your home.
St Johns On The Lake
Today’s senior living and memory care facilities are much more like condo living or living in your own apartment home, but even better, with the freedom from chores and responsibilities but with many more interests and activities and groups to participate in if you so desire like what they do in one of the best assisted living Communities in Palmdale, CA.
“It’s really important when your making these decisions to really do your homework as you’re weighing your options. Have those crucial conversations with your parents or your spouse early about their future plans and their desires and their finances so that you can help them in the planning process.”
Eric R. Harmann
“Senior living environments are always being built upon some core residential ideals of what you want to live in and how it relates to what you’re comfortable with. “The new Intergenerational Environments look and feel more like a cool mixed-use building or micro new urbanist development than the typical single-purpose, traditionally designed retirement community.”
When you tour a community, consider the “Perspective based sensory assessment”; what do you see? What do you hear? what do you taste?” as you look at properties to get a better understating of the place you are considering. You can view Summerfield of Encinitas to get an idea.
Annex Wealth Management
“Having the pieces in place before transition can become very important. We as planners like to make the plan retirement conservative because, after all, no one ever complains if there is too much money left over. There have been some seismic law changes in 2020 including two very large acts. The first one, called the SECURE Act, enacted last December and went into effect the first of 2020, changed the law around required minimum distributions and when you need to take those out of your 401K or 403B or IRA. It was 70 ½ and is now 72.”
Andrew L. Alden
“One of the things I’ve noticed when I walk through communities and talk with residents; if residents have a particular interest in something that’s not available, usually communities are happy to work with them to create a club. That’s the point of these communities; getting together, having common interests, and having a space to do that.” You may want to visit the Orchard Park of Permian Basin site or similar sites to get an idea of how senior living helps.
To find out more about continuum of care options, trends in design, and specific strategies to plan for you or your loved ones, listen to the full recording at biztimes.com/seniorliving.