Planning Beginner: Where to Live in Retirement

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When couples disagree about their ideal location for retirement, _______.

It's wise not to address the issue till later, since the potential conflict might not materialize at all

The easiest thing to do is to have the more dominant partner impose his or her preference on the other

A good compromise is to spending a portion of the year in different places

A good compromise is to spending a portion of the year in different places. This will help accommodate both partners.

Which of the following is NOT true regarding retirement residential options?

Your current and future health should be factored into your decision on retirement living arrangements

Retirement residential options need not be a source of much concern, since both state and federal governments have ombudsmen responsible for making these arrangements for you on a personalized basis

Despite your current good health, the likelihood is that totally independent living will eventually not be possible

"Continuing care retirement communities" (CCRCs) are a relatively new option that allow you to "age in place" without the need for a move under difficult circumstances.

Retirement residential options need not be a source of much concern, since both state and federal governments have ombudsmen responsible for making these arrangements for you on a personalized basis. Nothing could be further from the truth.

Most people are likely to go from totally independent living directly to a skilled nursing facility.

True

False

False. The likelihood for many folks is that they will need a period of assisted living -- when some extra help will be required, short of constant supervision and/or medical care.

Many 55+ communities (also called "active adult developments") are free of the high tax burden that is necessary to fund the schools necessary in younger-family communities.

True

False

True. This is a big advantage of these communities.

Two crucial factors that most people consider in choosing a retirement location are _______.

The potential for property appreciation and proximity to good elementary schools

Proximity to both good high schools and elementary schools

Proximity to golf and water sports

The climate they prefer and proximity to their family and friends

The climate they prefer and proximity to their family and friends. These factors are not universal, but are most common, and often are mutually exclusive.