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Even if you can afford to live in a 55-plus community, additional fees will have a way of eating into your retirement budget. For example, amenities can total roughly $200 a month, meaning an ...
For example, if you’re 55 and earn $80,000 a year, a 1% annual increase could add up to an additional $16,779 by age 67, according to calculations by Fidelity Investments. Of course, not ...
A continuing care retirement community ( CCRC ), [1] [2] sometimes known as a life plan community, is a type of retirement community in the U.S. where a continuum of aging care needs—from independent living, assisted living, and skilled nursing care—can all be met within the community. [3] These various levels of shelter and care may be ...
10,000 residents. Acts Retirement-Life Communities ( Acts ), based out of Fort Washington, Pennsylvania, is the third largest not-for-profit owner, operator and developer of continuing care retirement communities (CCRCs) in the United States. [1] Acts Life Care® communities provide independent living residences for people age 62 and above ...
Retirement is often seen as a time of leisure and relaxation, but you may be surprised to know how retirees actually spend their money. Spoiler alert: It’s not all cruises and golfing fees, as ...
Age-restricted community. An age-restricted community is a residential community, often gated, that legally discriminates on the basis of age to limit residency to a majority fraction of older individuals—typically 80% over a set age. The minimum age is frequently set at 55 years old, but it can vary. These communities are set up to ...
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