How to Choose a Retirement Community

After the kids are have left the nest, and you have wound down your career, thoughts of moving to a retirement community begin creeping into your head. Face it! The house is too large, and repairs are starting to cost a lot more than you can afford. Maybe it's time to move to a place where all that's handled by someone else. Here are 4 basic types of retirement facilities you might consider.

Instructions

Difficulty: Moderate

1. Independent Living Communities. If you are a young retiree, these communities might be appealing because they are designed for seniors who are relatively independent both physically and socially. The major benefit to seniors is maintenance-free living. With no house and lawn upkeep, you'll find the freedom to enjoy your retirement. Activities usually include crafts, exercise classes, live entertainment, movies, parties, outings and overnight bus trips. You can generally choose apartments or homes from an array of options.
2. Assisted Living Facilities. These facilities are for seniors who need more assistance than those in Independent Living Communities, but less than those in a Nursing Facility. The services typically include help with meals, bathing, dressing and other routine daily needs, while at the same time promoting as independent a life-style as your limitations allow.
3. Nursing Facilities. These facilities provide 24/7 skilled nursing care with physical and mental rehabilitation programs. Assistance with eating, bathing, grooming and continence care is provided as well as a certified staff to dispense medications. An activity director is employed to implement light activities and programs if you are capable of participating.
4. Continuing Care Retirement Communities. In the past, the 3 types of retirement living options described above were separate entities. Today, more retirement communities are providing all 3 services under one roof. This allows them to meet your needs throughout the many stages of your senior life.

Tips & Warnings

• There is no substitute for doing your homework. Here are 4 things you should do before making a decision:
• Pay in-person visits to the facilities you're considering.
• Talk to residents. A few spontaneous conversations can give you a far better feel for a place than a canned tour.
• Check out the assisted living and nursing facilities. You'll want to make sure these areas are pleasant, clean and not isolated from the rest of the community.
• Review the contract. When you join a retirement community, you sign a long-term agreement. Have your attorney review it, and ask for the fee schedule for services that are provided, but not covered by your monthly payment.