Planning Beginner: Where to Live in Retirement

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Choose wisely. There is only one correct answer to each question.

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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.

A serious drawback to the "active adult developments" concept is that visitation by residents' grandchildren is discouraged.

True

False

False. Children are most welcome to visit, but may not reside there.

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.

"55+ retirement communities" _______.

Are social places that encourage interaction among residents

Provide little in the way of activities or lifestyle orientation

Are great for those who've had their children late in life

Have some of the best elementary schools in the nation

Are social places that encourage interaction among residents. This is the central focus of these communities; they are not oriented toward young families.

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.