Retirement! Now What Happens?



For years you've lived in that sprawling house where you raised your
children . . . it's home. But now you don't need all the space and the
upkeep is becoming more difficult every year.

You now have to consider things that weren't issues before. When you
were younger, you never thought about how many times a day you went up
and down the stairs. You didn't mind having the bedroom upstairs and
the laundry facilities in the basement. Now, all those steps are
taking their toll.

Washing windows isn't as easy as it was before either, is it? Climbing
an extension ladder to reach the second story becomes a bit scarier
with each passing year. As you age, you become more concerned about

You may be thinking it's finally time to move into a home that's a bit
more senior-friendly, but what are your options?

? Smaller, single level houses

? Condominiums

? Apartments

? Retirement communities

? Assisted living facilities

Let's take a more detailed look at these options:

Smaller homes built on one level with convenient laundry facilities
may be what you need.

Look for a house that requires little outside maintenance. A brick or
vinyl-sided house won't require painting. An open floor plan may be
helpful if you're ever confined to a wheelchair. A smaller yard allows
you to garden but still keeps the yard work to a minimum. An attached
garage is a helpful feature, especially in the winter when icy
sidewalks can cause falls. Of course, finding a location that's close
to shopping, public transportation and medical facilities is also

Condominiums provide privacy without a lot of maintenance.

Like individual houses, there are many different types of condominiums
from which to choose. The main advantage of a condo is that outside
maintenance of both the structure and the yard is usually provided.
Most condos include a small area where you can plant flowers but the
lawn and other common areas are maintained by the association. There
are additional fees for this mandatory service so be sure to find out
if they will fit into your budget.

Apartments require no maintenance.

One of the main advantages of apartment living is that you aren't
responsible for any maintenance. You don't have to worry about
painting, replacing major appliances or yard work. Apartments also
give you a certain degree of freedom because you don't have to worry
about them if you travel a lot. It's important for laundry facilities
to be easily accessible and that there is an elevator if your
apartment is to be on a higher floor. You won't have as much privacy
and your only personal outdoor space may be limited to a small patio
or balcony, if that. Rent is likely to increase and is not tax
deductible on your Federal returns.

Retirement communities or assisted living facilities give you the
highest level of security.

Both of these options are specifically designed for seniors and offer
many safety features not found in regular housing. The amount of
privacy you have depends on which community you choose. Your medical
condition will usually dictate whether a retirement community or
assisted living facility is your best choice. Some retirement
communities offer private living space, much like individual homes, as
long as you're healthy and then provides assisted living if your
health deteriorates.

Giving up the home where you've lived for many, many years may seem a
little scary. But, often a new home that brings less responsibility
and greater peace of mind will make you feel years younger.






It looks like advertising except that the link at the bottom is dead.

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