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Buying a home is generally less risky than renting in retirement, since the cost of rent can be more volatile than home ownership. But it’s not without risk, especially if you don’t have the ...
There is also an in-home monitoring system that can inform family members about an older relative's daily activities, health status, and potential problems. This would allow older adults to remain in their own home while still maintaining their independence without their families having to worry about their well-being.
While new retirement communities have developed in various areas of the United States, they are largely marketed to older adults who are financially secure. Lower income retirement communities are rare except for government subsidized housing, which neglects a large proportion of older adults who have fewer financial resources. [11]
These communities are also popular among snowbird seniors who wish to downsize or travel freely without the burden of managing a home. Many retirement communities offer dining services, basic housekeeping and laundry services, transportation to appointments and errands, activities, social programs, and access to exercise equipment.
It’s important to note that homes don’t offer a return the same way traditional investments do. To reach the Land of the Mortgage-Free, you’ve likely spent years making payments where a ...
Here's how much the average 60-year-old American has in retirement savings — and 4 ways you can secure your nest egg 5 ways to boost your net worth now — easily up your money game without ...
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