SAVING DOLLARS MAKES GOOD SENS |
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(NAPSI)-Saving dollars makes good sense. That's particularly true for seniors--especially in a suspect economy. For today's seniors, moving to a senior living community is one way they can make the most of their retirement income now. There are many economic benefits of living in a senior community. These range from free local transportation--which eliminates or minimizes costs for fuel, maintenance/repairs and auto insurance--to eliminating expenses associated with maintaining a single-family residence. Residents in senior living communities are provided with fixed monthly costs, which cover abundant services; rental or purchase of an apartment, villa home or cottage; and two or three meals prepared daily by professional chefs. "Senior living communities eliminate such expenses as routine maintenance, lawn care, pest control, snow removal and more," said Ron Aylor, senior vice president at Brookdale Senior Living, a leading owner and provider of high-quality senior living communities. "Homeowner's insurance, always an expensive companion to home ownership, can also be removed from the monthly budget. This represents a huge savings in states where property insurance has increased dramatically." With the current state of the real estate market, many seniors debate whether or not to sell their home. A 2007 study by the American Seniors Housing Association explored common misconceptions regarding independent living costs. The analysis revealed "that the after-tax comparison of a senior selling a home now and adding net equity to their savings portfolio at a conservative earnings rate, compares very favorably with the net after-tax position of delaying the home sale decision for five years and then selling." "Freeing trapped equity in a home gives seniors more options now, along with opportunities for healthier living, which should not be overlooked when comparing costs," said Aylor. "It's one way seniors can save dollars and enjoy a comfortable, convenient, hassle-free lifestyle. That makes good sense in any economy." For more information on senior living options, visit www.brookdaleliving.com. Living in a senior residence can offer many tangible benefits as well as the intangible benefits of security and peace of mind. |
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