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“Active retirement communities can broadly be classified into age-restricted communities, which are designed for individuals over a certain age with amenities to match their interests,” says ...
Universities and colleges are sponsoring retirement communities on their grounds, hoping that young and old can enrich each other’s lives while filling the school’s coffers.
But getting that doesn’t come cheap. The average cost for a retirement community is around $350,000, and that’s just the entry fee. The Monthly Service Fee (MSF) adds another $3,500 to $4,500 ...
The cost of a retirement community can also vary, but according to A Place for Mom, the average monthly cost of a senior apartment is $1,400, ...
According to AARP surveys, such measures are important to a large segment of older Americans. Its 2014 House and Community Preferences of the 45+ Population survey, for example, found that 61% of ...
Many people like the idea of living in a retirement community – particularly one aimed at adults 55 and older that offers amenities such as fitness centers, swimming pools and cooking classes.
Retirement communities also handle maintenance tasks like landscaping, home repairs, and housekeeping, allowing you to focus on enjoying life rather than managing household chores.
After touring several retirement communities, Marta Genoni winnowed the field to two appealing possibilities not far from the home she shared with her husband, Kenneth, a lawyer, in Westfield, N.J.
Retirement communities are the most expensive in Massachusetts, New York, New Hampshire, Connecticut, and Rhode Island. South Dakota, Minnesota, Louisiana, Utah, and Illinois are the states with ...