Things to think about in choosing a retirement community

Retirement can include many changes, including moving to a new home. Senior living communities are growing in popularity among those in their golden years. Within a span of 50 years, it’s predicted that the number of residents moving into these communities will grow from 15 million in 2000 to 27 million in 2050.¹

There are a plethora of retirement communities to choose from that match seniors’ personal preferences and specific needs — including care level, security and safety, price point, and community. You are sure to find one that you’d like to call home.

Types of retirement communities

55+

People who are 55 and older can live in a community of their peers. Those who choose to buy a single-family home, apartment, townhouse, or mobile home in one of these communities can count on paying a homeowner’s association dues that cover maintenance (such as lawn care) and community amenities.¹

 

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