For seniors …The Disadvantages of Retirement Communities The number one reason people have given me for not wanting to live in a retirement community is that they are happy living in their current home or neighborhood where they have lived for a number of years.In many retirement communities, you’ll start out in a rather self-sufficient living unit, and then, if you become less able to take care of yourself, transition to one that offers more care.Here are some of the common housing options for retirees, along with the advantages and disadvantages of each … you might opt for an active adult community, assisted living facility or continuing …There are no reliable statistics about how many seniors are living in continuing care retirement communities … is important to look at services offered by each community, the possible benefits and … Here are some pros and cons of retirement villages.You can have a richer social life. Many don't pay generous wages, so they experience high turnover and don't attract the most skilled caregivers. Having more mature neighbors means more peace, quiet, and relaxation for you. A job provides opportunities for social interaction, adds structure to your days and can give you the satisfaction of … However, those activities relay a very narrow interpretation of what a 55+ retirement community may be. In the financial community, the advantages and disadvantages of this route has been a topic of an ongoing debate between estate-planning attorneys and financial advisors.
In many retirement communities, you'll start out in a rather self-sufficient living unit, and then, if you become less able to take care of yourself, transition to one that offers more care. An aspect of this that many appreciate is that you're not being a burden on your children or other loved ones. Retiring too soon or being forced into early retirement can leave you feeling unsure and insecure about your economic situation. It can be one of the best decisions you ever make -- or it can turn into one of your biggest regrets. In the financial community, the advantages and disadvantages of this route has been a topic of an ongoing debate between estate-planning … Some people's personalities are just not a great fit for life in a retirement community.Being in a retirement community does offer you instant community and lots of potential new friends, but it's not what everyone likes. Instead, the retirement village staff takes care of many of your daily needs.If you're nearing retirement or aren't entirely happy with your current retirement, you might think of moving into a retirement village. It might be depressing, too, watching many folks there get frailer as they age. If you like your independence, you may chafe at giving some of that up, and having to heed some rules and regulations. This doesn't mean you should rule out the entire concept, but do look into a given facilities' ratings and reputation and give it a close look before moving in.
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