5 Key questions to ask when moving into a retirement community (1) - PowerPoint PPT Presentation

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5 Key questions to ask when moving into a retirement community (1)

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Title: 5 Key questions to ask when moving into a retirement community (1)


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5 key questions to ask when moving into a
retirement community
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  • At a certain point in your life, you may start
    thinking about moving into a retirement
    community. here are 5 key questions to ask when
    considering it.
  • In the aftermath of the COVID-19 pandemic, many
    Americans are considering early retirement.
  • According to government data, nearly three
    million people over the age of 55 are thinking
    about retiring earlier than they had planned.
    With healthy retirement funds and the realization
    that no one is guaranteed a future, aging
    Americans seem interested in making the most of
    their golden years.

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  • Many older Americans find their ideal lifestyle
    in a retirement community. Good retirement
    communities often offer beautiful scenery,
    convenient amenities, and a community of
    like-minded people to be a part of.
  • But moving into a retirement community isnt as
    simple as it may sound. As with all major life
    decisions, there are certain questions you need
    to ask before choosing a community to spend the
    rest of your life in.

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  • In this article, well go over what to consider
    when moving into a retirement community. Well
    give you an idea of what to expect when you start
    looking for a community to join, as well as five
    key questions to ask beforehand.
  • Keep reading to find out more.

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  • What are your lifestyle requirements?
  • This may be an obvious question, but its one you
    wont want to forget.
  • The most important financial concern will be
    whether you can afford the basic cost of living
    in the community. However, youll also want to
    ask exactly what features, services, activities,
    and amenities are included.
  • Aside from the basic cost, communities may
    require their residents to meet certain financial
    criteria.

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  • This is basically to ensure that youll be able
    to continue making the monthly payments without
    any trouble. The community may need to know what
    your current income is and what future earnings
    you expect to receive from your assets.
  • It is also important to consider your health and
    activities you want to participate in if you
    want to stay active, do they have a fitness
    center or walking/biking paths nearby?

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  • If I need a higher level of care in the future,
    what will it cost?
  • Its one thing to meet the communitys financial
    and health requirements today, but that may be a
    different story five years from now. After
    inquiring about the basic costs and medical
    criteria, the next question you should ask is
    what it will cost if you need a higher level of
    care later.
  • Some retirement communities offer a guarantee of
    meeting all future medical needs, no matter what
    they are. Others will have fee structures in
    place for various health services. Make sure you
    find out how this one works, and make sure youre
    prepared for any future costs.

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  • May I visit the health center right now?
  • No one really appreciates a surprise visitor, but
    when it comes to medical centers, they must be
    prepared for anything, including unexpected
    guests. Youll want to tour the health center as
    soon as possible, and preferably when no one is
    expecting you. This way, you can find out exactly
    what condition its in on a day-to-day basis.

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  • If the retirement community youre considering
    doesnt allow last-minute visits to the medical
    center, this should raise a red flag. In a good
    retirement home, the health center will always be
    ready for guests, with a representative to guide
    you and your family around. If that isnt the
    case here, try somewhere else.

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  • How much space will I have?
  • This is another obvious question, and its one
    you should find the answer to yourself upon
    seeing the available apartments. However, its
    something you should think about carefully before
    deciding to move.
  • Moving into a retirement community will often
    require you to downsize from your current
    standard of living. This could involve selling
    antique furniture, parting with family heirlooms,
    or giving up items youve been collecting.

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  • If you already live in a fairly small home and
    dont have that many belongings, you shouldnt
    have anything to worry about. But either way, you
    should inspect the apartments carefully and
    figure out what you could fit inside.

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  • Can I try living here before I commit?
  • Not all retirement communities will give you the
    option to try before you buy. But if the one
    youre visiting does, you should take them up on
    it.
  • Theres only so much you can learn about a
    community by reading its promotional materials
    and speaking to its representatives. To truly
    figure out what living there is like, its
    important to experience it for yourself.

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  • In addition to touring the neighborhood, find out
    if you can join some of the residents for dinner.
    This will have the added benefit of letting you
    see what the people are like. You may even get to
    spend a night in a guest suite.
  • Find Your Ideal Retirement Community Today
  • It may seem daunting to move into a retirement
    community.

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  • But with the right information, it doesnt have
    to be. As long as you know how to prepare, moving
    into your new retirement home should be simple.
  • When you look for a retirement community, whether
    for yourself or a loved one, you should start
    with a reputable business that cares about your
    best interests. Connect55 can answer all your
    questions about finding a retirement home and get
    you connected with the ideal community for your
    needs.
  • To get all your questions answered and start your
    search, contact us today.

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