Retirement planning has evolved over the years, especially with the modern age of retirement increasing; working Americans expect to retire at age 66, up from 63 in 2002. As you begin your planning, there may be things you are unaware of when it comes to modern retirement, and there are things you may want to consider before solidifying your plans.
CaraVita Village is leading the way in the senior living space by providing our community members with an all-inclusive, resort-style experience. While you are working through your retirement plans, CaraVita Village is here to help!
Know Your Budget
Knowing your budget is one of the most crucial points to your retirement planning. Your benefits may vary, and depending on a number of things, your options can change. If you’re looking at retiring at home, it is best to pay off any outstanding debts before moving forward; paying off your mortgage and credit cards is a step in the right direction.
Of course, retirement planning is different for everyone. While staying at home may seem like the best option for some, it can be a host of unexpected issues. With yearly maintenance costs, upkeep work, and other unnecessary stressors, your retirement may not be as relaxing as you’ve been envisioning. CaraVita Village provides an all-inclusive independent living community that doesn’t have these unexpected costs or undesired stress.
Your Ideal Retirement
While planning for your retirement, it’s also essential that you create a vision of what your ideal retirement environment looks like. Ask yourself questions to find out what you want from your retirement. These questions may include:
- Where (city/state) do I see myself retiring?
- What is my goal age for retirement?
- What type of senior care would be best for me (now or in the future)?
- What type of environment (active, supportive, social, etc.) am I looking for?
- Am I looking to age in place at home or move into a senior living community?
Plan and Prepare
If you know your budget and you’ve figured out your ideal retirement, now is the time to take action. Retirement planning can be stressful, but the act itself doesn’t have to be taxing. You have worked hard to reach this stage of life; now is the time to enjoy yourself! If you’re looking for a senior living community, you should take the time to research, plan, and prepare yourself.
If you’re ready to move into an independent living community like CaraVita Village, there are few more steps to complete. Retirement planning for a senior living community means you may have certain assets that you need to account for before transitioning. For example, owning a house can be a great journey, but it may be time to sell it to help better fund your retirement.
CaraVita Village in Montgomery, Alabama, has a lot to offer to those seeking to retire. If you’re interested in an all-inclusive, resort-style community, that is full of life and teeming with excitement, we’ve got you covered! We invite you to check out our beautiful community, schedule a tour, and stay for lunch!