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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 ...
A retirement community is a residential community or housing ... These communities attract those over 55 who want to be in communities of like-minded ...
Subsidized communities usually adhere to strict criteria and may have lengthy waiting lists. Naturally Occurring Retirement Community (NORC): A community that has a large population of senior residents but was not originally designed for seniors. These evolve naturally as people age-in-place over time or migrate into the same area.
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 ...
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The above article incorporates text from the United States Government Accountability Office Report to the Chairman, Special Committee on Aging, U.S. Senate (June 2010) Older Americans: Continuing Care Retirement Communities can provide benefits, but not without some risk, which is in the public domain.
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