Age restricted communities come in many shapes and flavors, but the basic concept is the same - residency is only open to people who meet a certain minimum age. Usually that is at least 50 (fifty) years of age, some communities set the level at 55 (fifty-five), while a few make the cut off at 60 or 65.
Sometimes these communities are referred to as 50 plus, over 50 communities, over 55, 55 plus, 55+ or 55 + to indicate the minimum age.
The rules will differ by community, but the norm seems to be that at least one resident has to meet the minimum age requirement - the spouse or sometimes significant other can be younger in most cases.
Children (grandchildren) can be a problem in a baby boomer retirement - normally there is a maximum time they can live there, although this varies by age restricted community.
When it comes time for you to start looking for the best age restricted communities there are a number of issues to consider. Some you should examine are:
- Should you move far away, or stick close to where you are now
- What type of age restricted community to live in - planned, gated, golf, arts,one with a marina, etc.
- Would you be happier living in a mixed generation community (people of all ages)
- What issues and rules should you look out for in an age-restricted communities
- Do you have a spouse who is much younger than you - will they be permitted to live with you?
- Do you have young children or grandchildren that you might have to care for - how long would they be permitted to live with you?
The questions are difficult, but the process of discovering the answers can be an adventure. This website can help you with its Free eBook: "The Baby Boomers Guide to Selecting a Retirement Community: 16 Factors You Need to Consider".
Just click on the title of the eBook to download your Free copy. We also have a free newsletter that alerts you about the best age restricted communities, along with interesting articles on how to choose the right one for you.
Over 300 Community Reviews. On these pages you'll find objective profiles of over 190 of the most interesting retirement towns in the Western Hemisphere - from Massachusetts to Florida to Mississippi to California, Arizona, and Oregon. Most of these towns have age restricted communities built in or near them. Many outstanding firms have placed ads to let you know about their age-restricted communities convenient to those towns. Along with the insightful and interesting reviews, you'll get a database of key facts about each town or development: real estate prices,age restrictions, average January temperatures, what is going on culturally, transportation and medical capabilities, etc. Use this link to find out more about the different types of retirement communities, or here to find out more about the 100 best places to retire
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