Independent Living Vs Assisted Living
Written by webtechs

Independent Living Vs Assisted Living

If you are searching for the differences between independent and assisted living, this article will outline features, costs, and benefits associated with both senior housing options.

Assisted Living Vs Independent Living

Assisted living facilities are settings where seniors live independently for the most part, but are provided with assistance when needed. Assistance, of course, will vary based on the individual’s specific needs, such as mobility issues, transportation needs and medication. If living at home has become a bit too hard or dangerous, then it may be time to think about assisted living. Some facilities will be in a residential-style neighborhood or in a large complex.

Assisted Living Features:

  • Medication monitoring
  • 24-hour care
  • Three meals per day
  • Personal care
  • Social activities
  • Housekeeping/laundry

Simply put, independent living is a housing arrangement for those aged 55 and up. The housing types will vary from free-standing homes, apartment living and retirement communities. These communities are designed to let seniors get around as easily as possible. Landscaping and maintenance is usually performed by staff. Just like assisted living communities, independent living communities will offer residents various services and activity options. Communities generally feature pools, fitness center, dining and common areas.

Independent Living Features:

  • 1-3 meals per day
  • Housekeeping/laundry
  • Common areas
  • Scheduled activities
  • Transportation

How Much Does Assisted Living Cost?

Many costs are associated with assisted living communities. Assisted living is also more costly than any independent living options due to how much care is provided. Which costs can you plan and budget for when choosing an assisted living facility, though? Generally, these facilities in Arizona require move-in fees, which will serve as a prorated monthly fee. You can expect to pay between $1,000-$5,000, according to WhereYouLiveMatters.

How Much Does Independent Living Cost?

On average, independent living for seniors will cost $3,750 per month, with prices typically ranging from $1,500-$6,000. Costs will very much depend on quality of facility and location, according to WhereYouLiveMatters.

Cost Of Independent Living 2021

Benefits Of Independent Living

Here are a few of the many benefits of an independent living community:

Maintenance-Free Living

One of the greatest upsides of independent living is freedom from the day to day tasks associated with homeownership. Your loved one will no longer be responsible for taking care of the yard or repairing a running toilet. Maintenance and housekeeping employees are available to take on these and other tasks so they can focus on other aspects of their life.

All-Inclusive Rent

Days of numerous bills are long gone. In an independent living community, every bill – think utilities, rent, and even the cable bill — are combined into one, easy, monthly payment. The general cost of moving into an independent living community can additionally be financially beneficial. If your loved one is downsizing from their present home, independent living can help decrease their monthly spending and allow them to use their money in other ways.

Social Interactions

Getting older comes with uncommon challenges – One of them is making new friends. But living in an independent community means they’re surrounded by others in similar stages of life. And without additional responsibilities like home upkeep or grocery shopping to be concerned about — plus a team of employees who are committed to planning daily activities — making it easy to connect with like-minded people and take in the benefits of continual social interactions.

Benefits Of Assisted Living

Here are a few benefits of assisted living communities:

Safety And Protection

You no longer have to be concerned for your loved one’s safety. Whether you had previous concerns about falls, taking improper medication or not eating a healthy diet, you can rest assured knowing your loved one is being cared for constantly. Assisted living facilities make it their goal to ensure your loved one’s safety.

Day-To-Day Assistance

It is important for seniors to have their independence, but still receive the assistance they need in daily activities. These communities will provide residents with tasks, such as dressing, preparing and eating meals, and laundry duties.

Increased Activity

Staying active can be a very difficult task for seniors who still live at home. Your loved ones will be offered an assortment of indoor and outdoor activities. From arts and crafts to dinner parties, communities will make sure your loved one stays active and healthy.

Vista Winds Is An Upscale Retirement Community Located In Peoria, Arizona

If you are doing research about retirement communities in Peoria, Arizona, Vista Winds Retirement Home should definitely be on your list. Vista Winds offers retirement living at its finest. We have a rich calendar of activities, meals prepared by a Chef and caregivers on staff 24 hours a day for your health and safety. We offer award winning independent livingassisted living and memory care services. Come tour our community to see how we are a step above the rest and how easy it is to Make Yourself at Home! Vista Winds is surrounded by amazing views and our resort style property will be sure to impress!

More Articles About Retirement

How-To-Save-For-Retirement-Without-A-401k
Written by webtechs

Saving For Retirement Without a 401K

Saving for retirement without a 401k seems like a daunting task, but luckily there are several other savings options available. If you are searching for “how to save for retirement without a 401k,” then this post will be your guide!

How To Save For Retirement

There are a few ways to save money in the absence of a 401k plan. Whether you are unemployed, self-employed or simply seeking other investment options, there is always a plan for your needs. Let’s take a look at a few of the alternatives for savings.

Solo 401k

A solo 401k, also known as a self-employed 401k, is perfect for those not expecting to make a large yearly income. With a solo 401k, you are eligible to contribute twice, once as an employee and once as the employer. Participants are allowed to contribute their entire yearly earnings, as long as it does not surpass $19,500. When contributing as the employer, though, the amount will differ. You are allowed to contribute up to 25% of your earnings as the employer. Spouses of solo 401k contributors are eligible for this plan, as well.

Saving Tax Refunds

Everyone’s gut instinct is to spend, spend, spend when that tax return finally comes back! But, if you can just hold off the urge to spend this money, it could pay off in the long run. Simply saving any tax refunds is the simplest way to invest in your retirement. IRS Form 8888 currently allows taxpayers to deposit refunds directly into two or more savings accounts.

Contribute To CD

Are you looking for a safe investment option? Well, contributing to a CD (certificate of deposit) may be the best choice one can make when saving towards retirement. The federal government insures CDs to never lose value, which makes this one of the safest investment plans out there. Money contributed in a CD can also be withdrawn at any time. This is a great benefit for anyone encountering unexpected bills, such as hospital stays or higher car payments.

Opening An IRA

Opening an IRA tends to be the most popular option for individuals without a 401k. There are a couple different IRA options available. A Roth IRA and a traditional IRA can both be great investment options. The only requirement for anyone opening an IRA is that they must be earning an income. However, if you are unemployed but married to someone earning an income, you are eligible for this plan. Self-employed workers commonly choose to open an IRA.

Health Savings Account

A health savings account (HSA) can be opened even if you have already opted to choose an IRA, solo 401k or contribute to a CD. Tax-free withdraws and immense growth potential are two benefits of a health savings account. After the age of 65, money can be pulled from a HSA with no penalties.

Vista Winds Is An Upscale Retirement Community Located In Peoria, Arizona

If you are doing research about retirement communities in Peoria, Arizona, Vista Winds Retirement Home should definitely be on your list. Vista Winds offers retirement living at its finest. We have a rich calendar of activities, meals prepared by a Chef and caregivers on staff 24 hours a day for your health and safety. We offer award winning independent livingassisted living and memory care services. Come tour our community to see how we are a step above the rest and how easy it is to Make Yourself at Home! Vista Winds is surrounded by amazing views and our resort style property will be sure to impress!

Independent Living Cost
Written by webtechs

Cost Of Independent Living 2021

On average, independent living for seniors will cost $3,750 per month, with prices typically ranging from $1,500-$6,000. Costs will very much depend on quality of facility and location, according to WhereYouLiveMatters.

Paying For Independent Living

A typical service rate will cost between $1,000-$10,000 per month. There is generally a one-time fee that comes with independent living, ranging from $500-$1,500. Anyone thinking of a potential move to one of these communities should first think of the finances associated with such a move. Many seniors share a common fear of their retirement savings simply not being enough for the long term.

Independent living can be compared to an investment, so don’t let the initial sticker price scare you from this living situation. Do research by comparing multiple communities and facilities, then create a budget that you are comfortable with.

Independent Living Costs

Here are typical costs associated with independent living communities:

  • Utilities, not including telephone services and/or expanded cable packages
  • Daily/weekly housekeeping
  • Scheduled activities
  • Transportation services
  • 1 to 3 meals per day
  • Maintenance
  • Emergency systems

Other fees that could come with independent living communities include:

  • Guest meals
  • Guest apartments
  • Unscheduled transportation
  • Extra activities
  • Concierge services

Cost Of Independent Living 2021

How To Find Independent Living Communities

You might think it would be tough at first, but finding a retirement community that fits your individual personality and lifestyle in 2018 is getting easier than ever. New retirement communities are popping up all over the place at a rapid rate. However, we know that choosing the right retirement home can be tough, and for that reason, we put together this guide to help you know what to look for.

  1. Check the location’s temperature. Climate is considered to be one of the most important factors when choosing retirement communities. Do some research about your destination to make sure you can handle weather changes. For example, the average temperature in Peoria, Arizona reaches around 71.95°F, with a high average temperature of 86.4°F and a low average temperature of 57.5°F [1].
  2. Feel the vibe. Every community will have its own vibe or character. One of the best ways of figuring out the vibe of the community is to talk to the residents. This will also help you get to know your potential neighbors. This would also be a great chance to ask the facility director what kind of amenities and activities they offer. Vista Winds offers a full monthly calendar of fun activities you can enjoy including Live entertainment, movies in our state-of-art theater and more.
  3. Plan for future medical needs. Health should be your first consideration as you age. Most communities in the Peoria will offer a variety of advantages, but not everyone of them can provide the right medical care for your individual needs. Before transitioning into a new community, check to make sure that all of your medical needs can be met in the future, whether your health declines or not. Vista Winds offers retirement communities for nearly any stage of your retirement transition, independent living, assisted living and memory care with care givers on staff 24 hours a day.
  4. Determine Your Budget. You want to choose a retirement community that fits your budget. After all the long hard years to grow retirement fund you want to make sure your savings can cover retirement community costs. Seeking the help of a professional financial planner could be one way to find out. Some communities will have monthly fee increases annually. Be sure to ask facilities how often and how much they change their rates every year.
  5. Make a checklist. Having a checklist will help you remember what types of questions you should be asking retirement communities. Depending on the level of care you need, you will need a specific checklist for each of the different types of retirement communities. Feel free to download our help independent living checklist, assisted living checklist or memory care checklist.
  6. Take a look at the activity calendar. Every community will most likely have an activity calendar with a list of activities planned out for the month. Be sure to check and make the activities are ones that you would enjoy. Most communities will offer activities, like tennis, gold and swimming. Staying involved in activities is a great way to stay fit while and maintain good health. Vista Winds offers many activities, including golf, swimming, live entertainment and more.
  7. Learn the rules. Most facilities will have rules and regulation that residents much follow. For example, some retirement homes do not allow pets. Others might have rules about smoking cigarettes or grilling food outdoors. It is wise to research the facility you are interested in to find out what rules they might have and if those rules line up with your lifestyle. Vista Winds does allow pets and reasonable rules for residents to follow.
  8. Security and safety. Most facilities have care givers on staff around the clock to ensure the health and safety of residents. Furthermore, some facilities, like Vista Winds for instance, offer gated entries for your security and privacy, as well as care givers on staff 24 hours a day in case of emergencies. We even provide free housekeeping twice a month and free laundry facilities.
  9. Local Tax Rates. Some communities are more tax friendly than others. The local tax rates in your area are an important consideration when thinking about investing in a specific retirement community. These taxes can be a burden to carry. Make sure and speak the facility owner or director so you know what kind of taxes or additional yearly fees to expect.
  10. Signing The Agreement. Before you sign the leasing agreement, be sure that you know what to expect from the community and that they community knows what to expect from you. If you’ve never lived at a retirement community before, you will be surprised to know that some facilities have rules about decorating your home, parking your car and more. Vista Winds will let you know all of the rules upfront so you know what to expect before moving into our faculty.
  11. “Understand your financing options. For a senior purchasing the best retirement community, it is certainly possible if you are paying in cash. If it’s not the case, you should understand your financial options. This may include mortgage tax.” [2]
  12. Pros and Cons. Create a pros and cons list to help make it easier to choose a retirement home. Having a list of what you liked and what you didn’t like will make the decision a little bit easier. This way you can find out which facility works for your individual personality and lifestyle the best.

Vista Winds Is An Upscale Retirement Community Located In Peoria, Arizona

If you are doing research about retirement communities in Peoria, Arizona, Vista Winds Retirement Home should definitely be on your list. Vista Winds offers retirement living at its finest. We have a rich calendar of activities, meals prepared by a Chef and caregivers on staff 24 hours a day for your health and safety. We offer award winning independent livingassisted living and memory care services. Come tour our community to see how we are a step above the rest and how easy it is to Make Yourself at Home! Vista Winds is surrounded by amazing views and our resort style property will be sure to impress!

More Articles About Retirement