Retirement Communities Ohio

Ohio, like many places in the Midwest, is known for great family and friends, but also for nasty weather like snow, rain, and even tornadoes.  So when you’re looking for retirement communities in Ohio, you may want to see if any of the negatives outweigh the positives, as you should count on living with your retirement decision for at least the next 10 years.  Either way, there are some great retirement communities in the Buckeye state!

So what are you looking for? Many people envision retirement community living as living on a golf course.  However, if that’s your vision, you may need to know that you’ll probably pay more to live there, inclusive of additional homeowner dues to help keep up the golf course.  So, if you actually play golf, this may be a great value to you, more of a value than if you didn’t play golf.  Nonetheless, many people who don’t play golf are willing to pay the extra money to live on or near a golf course in their retirement years.

What are your retirement finances?  Money.  It always comes down to money, doesn’t it?  If you’ve got your nest egg already saved for, then you want to do some quick math on how much it costs you to live each month.  That would include money for eating at home, plus restaurants, plus your out-of-pocket health care costs, plus any other life, health, car or boat insurance premiums.  You’ll need to add into that any payments you make to clubs or memberships, along with any other organizations that you may belong to.  Add then your housing costs, including a budget for repairs, and you’ll only have entertainment costs (cable, movies, etc) to add.  Once you’ve got that monthly total dollar number, divide that into the total retirement dollars you now have available.  The number remaining is the number of months you can live off retirement, if nothing changes.  If you’re planning on moving to any retirement communities in Ohio, just replace those costs with your prior costs, and divide the new total into your retirement savings nest egg.  This new monthly number is the number of months you’d be able to live in retirement.

If the final number is more or less than your original number, that may or many not impact your decision to move into ay of the retirement communities in Ohio.  Either way, you’ll have the numbers you need to know in order to help you make that decision.

Do you think you’ll need more than a Retirement Community in the future? Moving is never easy, especially moving out of the home you’ve probably lived in for the last 10 to 20+ years.  It’s difficult to give up all the memories you had, as each corner or wall or picture hanging can usually bring a smile to your face (instead of a frown).  So leaving one’s home to live in a retirement community is a big decision, requiring a lot of soul-searching and a lot of decision making.  Once you’ve decided to move to a retirement community, there is another thing you need to think about that you may not be aware of.

Not being negative but being realistic, as we age our bodies and sometimes our minds begin to fail, and often we find we need more care taking care of ourselves.  If you know that you will likely need additional medical care or assistance in the future, instead of moving to a basic senior living retirement community, you may want to consider what is known as a Continuing Care Retirement Community, or CCRC.  These retirement communities have multiple campus’ that correspond to the multiple levels of care you may need, from retirement on through, well, the end of your life.  If you never want to move again, finding the right CCRC can help you with that goal!  You can find a continuing care retirement community in Ohio that allows for your progression and receiving the proper care during that progression, from active retirement living, to assisted living, to skilled nursing, and some even provide for hospice care when you’ll be nearing the end of your life.  Looking at your future realistically, you may be able to have it all in your next move into a retirement community, and have that move be so well planned that you’ll live a long time and never have to move again!

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One Comment

  1. Posted August 4, 2011 at 8:18 pm | Permalink

    this was very helpful thanks for sharing

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