Simple Savings: Independent Living

Tools

By Eric Shangraw

Story Published: Apr 29, 2008 at 1:53 PM CDT

Story Updated: Apr 29, 2008 at 10:50 PM CDT

Many people would like to know if living in a retirement community could actually be a savings?

Jean Daily with Westminster Village said, "Many people don't think of retirement living in terms of savings. But if you compare the cost of a nursing home compared to what it would cost to have the same care in your own house, a nursing home is often less expensive."

"That's because you are still paying for your home plus the cost of care being brought in to you. A retirement living arrangement has a fixed monthly cost."

"Your utilities do not change. Your taxes are included. Your insurance is included. You have other services at home to consider: yard maintenance, snow removal, home repair. If a furnace goes bad, that is an unexpected cost. Those type of expenses are already included in a set monthly expense."

"So retirement living be it in an apartment or duplex can be a savings. You just have to figure up your expenses and compare with the cost of a retirement living arrangement."

If you have any questions for Jean, click on features and experts on line.

If you have any money savings tips, video tape them and post them on YouNews.

Add a comment

Name:

Comment: 1000 Characters Left

WEEK News 25 - and its affiliated companies are not responsible for the content of comments posted or for anything arising out of use of the above comments or other interaction among the users. We reserve the right to screen, refuse to post, remove or edit user-generated content at any time and for any or no reason in our absolute and sole discretion without prior notice, although we have no duty to do so or to monitor any Public Forum.

More Good Stuff

Advertisement
This content requires the latest Adobe Flash Player and a browser with JavaScript enabled. Click here for a free download of the latest Adobe Flash Player.

Stock Quotes

What's On TonightFull Schedule

Local Business Dir