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Age-qualified communities, also known as 55+ communities, active adult communities, lifestyle communities, or retirement communities, are often planned communities that offer homes and community features that are attractive to 55+ adults. These might include a clubhouse or lifestyle center with a good many activities, sometimes with indoor and ...
Furthermore, most communities stipulate that if anyone under the age of 55 resides in their community, they must live in a household where at least one occupant is 55 or older. Nearly all age-restricted and active adult communities allow people under the age minimum, such as grandchildren, to visit and stay on a limited basis.
Del Webb opened Sun City, Arizona, with the active adult concept, in 1960. [9] In 2011, The Villages, Florida became the largest of these communities. [10] While new retirement communities have developed in various areas of the United States, they are largely marketed to older adults who are financially secure.
No state taxes on Social Security and pension income up to $20,000 (ages 55-64) and $24,000 (65 and older). Property tax exemption up to 50% of the first $200,000 of the value of a residence ...
Even if you can afford to live in a 55-plus community, additional fees will have a way of eating into your retirement budget. For example, amenities can total roughly $200 a month, meaning an ...
“In many 55-plus communities, you can have large assessments for upgrades such as new clubhouses, landscaping or any other capital improvements the HOA may be looking at. These assessments can ...
Some communities are tied to an adjoining, apartment-style independent senior living community. Residents may have the option to rent or buy. Continuing Care: Communities that provide access to independent living communities, as well as assisted living and skilled nursing. Residents can transfer among levels of care as needs change.
“The town has many 55-plus communities and was built as a resort for retirees.” ...
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