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An age-restricted community is a residential community, often gated, that legally discriminates on the basis of age to limit residency to a majority fraction of older individuals—typically 80% over a set age. The minimum age is frequently set at 55 years old, but it can vary. These communities are set up to accommodate older individuals who ...
Even if you can afford to live in a 55-plus community, additional fees will have a way of eating into your retirement budget. For example, amenities can total roughly $200 a month, meaning an ...
The Chamberlin is a retirement community in Hampton, Virginia, overlooking Hampton Roads at Old Point Comfort. It was formerly known as the Chamberlin Hotel, named for the famed restaurateur and original owner John Chamberlin. The nine-story building sits on historic Fort Monroe and overlooks Fort Wool. Listed on the National Register of ...
A retirement community is a residential community or housing complex designed for older adults who are generally able to care for themselves. Assistance from home care agencies is allowed in some communities, and activities and socialization opportunities are often provided. [ 1 ] Some of the characteristics typically are: the community must be ...
Developer builds community of 'right-sized' houses. People age 55-plus are looking to make their home lives simpler but more fulfilling, where they can live on a single level in an open floor plan ...
Elks National Home and Retirement Center is the name of a nonprofit organization with 501 (c) (3) status that formerly owned the Elks National Home property. [ 7] The nonprofit organization has discontinued operations as of 2019, and its continuing source of revenue are the bequests of an ongoing trust, and the nonprofit organization intends to ...
Number of years average 401 (k) and Social Security benefits will last you in Virginia: 15.38. Annual cost of living: $58,569.63. Cost of living after using Social Security income: $36,132.39 ...
10,000 residents. Acts Retirement-Life Communities ( Acts ), based out of Fort Washington, Pennsylvania, is the third largest not-for-profit owner, operator and developer of continuing care retirement communities (CCRCs) in the United States. [ 1] Acts Life Care® communities provide independent living residences for people age 62 and above ...
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