For decades, you hustled, climbed the corporate ladder and juggled the demands of family life. Retirement is a time to enjoy the fruits of your labor. Standing at the door to retirement, you might wonder, “What’s next?” Life Plan Communities offer a modern-day utopia for retirees. These are more than retirement homes. They’re vibrant, engaging communities that offer an abundant lifestyle filled with purpose.
An entry fee lets you access a world of amenities, activities, evolving care and financial predictability. This fee provides peace of mind to live the life of your dreams.
A Life Plan Community or continuing care retirement community (CCRC) offers a mix of independent living and care that supports you at every retirement stage. A CCRC is a place that feels like a forever home without worrying about moving again. You enjoy a smooth transition to the level of care you need in the same beautiful surroundings.
An entry fee secures your ticket to the exclusive Life Plan Communities club. Think of it as a one-time investment in your future that unlocks a wealth of perks. Here are some of the many entrance fee benefits:
Picture a vibrant community with gourmet dining, swimming pools and wellness centers. CCRCs offer an array of amenities that would make even luxury resorts jealous! The best part? You have access to everything you need right on your doorstep. An entry fee helps to fund these amenities, transforming your daily routine into an adventure.
Planning your finances can allow you to live comfortably into retirement. Your entry fee lets you predict future expenses while covering changing care needs. Many CCRCs have a set monthly fee structure for housing, utilities, maintenance and amenities. This helps you budget without the fear of unexpected costs.
Your entry charge may mean lower monthly fees, depending on your chosen contract type:
Remember those summer camps where you made lifelong friends? Life Plan Communities are like adult summer camps without the awkward campfire songs. The resident turnover is often lower in entry-fee retirement communities. You can form lasting friendships with like-minded individuals free from the worry that they may move to another community. The opportunities for social engagement are endless, from book clubs to gardening groups. Who knows? You might even meet your new best friend while discovering a new hobby!
Imagine the comfort of knowing that you have access to healthcare when you need it. One of the most significant anxieties in retirement is healthcare. A CCRC entry fee helps fund on-site medical services, from routine checkups to specialized care. Need a prescription refill? Just take a stroll to the on-site pharmacy. Focus on living your best life without fretting about healthcare logistics.
Ah, the joys of homeownership! Think of the hours spent mowing the lawn, shoveling snow and fixing leaky faucets. A retirement community lets you relax while someone else does the hard work. Your entry fee covers maintenance costs. The question is — what will you do with all your free time? Take up painting, travel the world or perfect your golf swing — the choice is yours!
A one-time entrance fee guarantees your place in a CCRC. Knowing that you have a secure place to live, on-site care and a support network offers valuable peace of mind. If your health changes, you can switch to a higher level of care while remaining in familiar surroundings. Your family can rest easy knowing you have access to everything you need.
Did you know that a CCRC entry fee could come with tax benefits? You may be able to claim a portion as a tax-deductible medical expense under IRS Publication 502. The perk depends on the CCRC’s structure and local tax laws. Remember to consult with your financial advisor.
Many Life Plan Communities encourage residents to get involved in volunteer opportunities. Examples include mentoring local youth, participating in missionary programs or supporting charitable causes. Nothing feels quite as fulfilling as contributing to the greater good while enriching your own life.
You’re ready to embrace the next exciting chapter of your life in a CCRC. Here are a few tips for financing the entrance fee:
A Life Plan Community is a vibrant tapestry of experiences, friendships and adventures. An entry fee gives you the golden key to the gate. At Garden Spot Village, our passion is providing residents with a rewarding and purpose-filled life. Discover vibrant micro-communities, volunteering opportunities and the best of active living. With an abundance of home choices, you can find the perfect match for your needs.
So go ahead, take the plunge! The future may become the most exciting chapter of your life. Contact us to schedule a tour. Do you want to experience our communities for yourself? Join us for a Look and Learn event. Life at Garden Spot Village is about more than just living — it’s about thriving!
