Can I afford the retirement lifestyle I’ve always dreamed of? For many retirement-age adults today, the answer is YES!
As an increasing number of mature adults reach retirement age and contemplate their next phase of life, their initial focus is typically on financial considerations. While planning that next phase can seem like a very emotional, high-stakes decision, the solution often lies in simply “doing the math.”
Take Time to Compare the Costs
Various resources are available today to help you organize the information needed to make the best decisions for your retirement. For example, Caring.com offers a retirement lifestyle planning tool titled, “Compare Your Costs: Stay in Your Home or Move to an Independent Living Community”. This worksheet enables you to compare the current monthly and annual costs for your home with what you would pay in a retirement living community. Categories for comparison include:
- Utilities (electric, gas, water, sewer, garbage)
- Food (groceries, restaurants)
- Phone, Internet and/or Cable
- Transportation (auto, maintenance, gas, cab)
- Social Activities (club memberships, local events)
- Annual Housing and Maintenance Costs
Many senior adults now utilize the income from the sale of their home to pay for their retirement living choices. When you consider the various services, amenities, active lifestyle and wellness options provided for the price of an independent living community, the cost might actually be less than that of maintaining your home. Additionally, some retirement living communities do not require an entrance fee and offer rental options for those who don’t want to buy.
Consider the Value of Retirement Lifestyle Factors As Well
Retirement lifestyle communities are designed to make your life easier and to provide you with the time and freedom you deserve to enjoy the things you love. Therefore, it is also important to consider the value of lifestyle factors in your decision. Remember, it’s your retirement and you’ve earned the right to be happy!
For example, leading “active living” and independent retirement lifestyle communities such as Vantage Point Retirement Living provide a carefree, active lifestyle with all the benefits of home ownership, but without the burdens of home maintenance and yard work. Many residents even describe it as “resort-style living.”
Convenient Services that Save You Time and Energy
- Home repair services
- Lawn care
- Trash & snow removal
- On-site, restaurant-style dining options
- Personal transportation services to take you where you want to go
- On-site or nearby medical professionals and facilities for your convenience
Retirement Lifestyle Enhancing Amenities that Enable You to Enjoy Life to the Fullest
- Village-style living with extensive landscaping, beautiful gardens and lighted sidewalks
- Grand clubhouse, entertaining area, pub and lounge
- Recreational activities and facilities such as a pool, game room and activity center
- State-of-the-art fitness center, exercise facilities, sauna and Jacuzzi
- Walking paths and beautiful mini parks
- Healthy living and wellness programs
Be Sure to Compare
Once you’ve completed your financial assessment and considered what you want from a retirement lifestyle perspective, be sure to take the time to compare the retirement living options available. Schedule a visit and take a tour. Not all retirement lifestyle communities are created equal, and you may find that special one where you feel most comfortable. It’s your next big adventure in life and you deserve to get the most out of it!
Spring Mill Senior Living: A new beginning for retirement living.
Spring Mill Senior Living represents a new beginning for retirement living in Chester County. Offering a unique style and an extensive range of living options and services, Spring Mill Senior Living stands out as the optimum community for seniors seeking a personalized balance of support, security, independence, and choice. See a Virtual Tour of the community here.
Whether you want to live independently in a two-bedroom apartment complete with balcony, or a smaller efficiency unit, Spring Mill Senior Living has options. And, for those individuals looking for additional care, short-term respite stays, help with memory loss, or short-term nursing care, Spring Mill Senior Living can also provide a complete range of services and amenities as individualized as you may need, or want… and best of all, there are no entrance fees. For more information about Spring Mill Senior Living call 610-933-7675 or click below for more information.