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The Winchester Journal

The Ins and Outs of Senior Living Cost

Planning for the Future | 09/27/19


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Choosing where to live during your retirement years is a multifaceted financial decision. “Aging in place” in your current home can lead to overwhelming and burdensome modifications necessary to make living arrangements safe, as reported by AARP. Not only is the cost of property maintenance and upgrades something to consider, but healthcare needs may change, and you’ll want a cost-effective plan in place should this happen.

That’s where Winchester Gardens comes in. As a continuing care retirement community (CCRC), we offer a financially secure lifestyle and peace of mind that your needs will be taken care of, now and in the future.

How to Pay for Senior Living

Deciding on a CCRC means enjoying a dynamic, engaging lifestyle with comfort in knowing a plan is in place for your future. Free from the worry of owning a home, your time can be spent enjoying activities that help you achieve a happier, healthier life.

Finding your ideal senior living community begins with taking the right steps when planning your retirement’s financial logistics. Some of the most common ways to pay for a CCRC include personal income and savings, long-term care insurance and selling a life insurance policy.

An added financial advantage of a CCRC is the ability to transition seamlessly from one level of care into another as needed, such as from an independent living option to assisted living, rehabilitation, skilled nursing or memory care services. We offer this additional benefit by promising lifelong care through our Lifecare option, which guarantees residents the care they need, for as long as they need, with predictable monthly payments.

Not only will your predictable monthly payment make financial planning that much easier, you’ll also enjoy access to a multitude of amenities, a delicious dining experience and maintenance-free apartment living. You may even find that the cost of living here compares favorably to what you’re paying now, with all of the above conveniences and more.

Are you interested in learning more about the next steps to your retirement lifestyle? Check out our free Retire Your Way Guide, which explores more retirement options and introduces you to the highly regarded CCRC model, including the financial features of a CCRC.

Along with these resources, it’s best to discuss your options with your financial advisor or one of our knowledgeable sales counselors to find the best fit for you.

Learn More About Making Winchester Gardens Your Home

The moment you decide to take control of your financial future and make Winchester Gardens your home, you’ll feel relief. Resident Ted Brant shares, “I wake up every morning worry-free… I am very pleased with the lifestyle at Winchester Gardens, and I am very satisfied with this stage of my life!”

Contact us to learn more and schedule your personal tour. Our sales counselors are here and ready to help you feel comfortable when planning for your retirement lifestyle.