2023 Relocation Guide_Ethan Wolvek

ACTIVE ADULTS & SENIOR LIVING

To begin with, forget about that rocking chair – how does a morning spent working out in the gym or pedaling along the hike and bike trail sound? As for the front porch, seniors in Arizona find that they have a wide variety of housing options that can accom-modate their budget, while enjoying their lifestyle in a community that encourages the development and pursuit of their personal interests, goals and activities. While aging is inevitable, medical advances, as well as healthy lifestyle choices, are responsible for increasing the number of years a person may live, as well as improving that person’s lifestyle. The result is that the demographics of seniors in Arizona have undergone some

significant changes: the term “senior” may describe an active person in her late 50’s, or someone in her early 80’s. Baby Boomers now entering the senior arena are faced with the responsibility of preparing not only for their own retirement, but with making retirement and housing plans for their elderly parents as well. Fortunately, both Phoenix and Tucson offer a wide array of options to accommodate the different requirements and lifestyles of its seniors. From upscale retirement commu-nities offering residents a choice of social, cultural, travel and sporting opportuni- ties to active seniors, to full-care facilities specializing in caring for the elderly with

mental and physical disabilities, there is a senior citizen living solution to fit every need. TAKING STOCK OF YOURSELF When making retirement housing plans, there’s no denying that the number and diversity of choices available might make the process feel overwhelming. Begin by taking a personal inventory that takes into account personal living expenses, health, interests and expectations. Budget Inventory: Make a list of monthly expenses, from rental or housing fees to day-to-day living expenses such as dry cleaning and energy bills to current or anticipated medical expenses. The point is to be realistic about everyday expenses

RETIREMENT FACTS Source: 22 Facts & Stats to Know | SeniorLiving.org

In the US, men retire on average at age 65, and women at age 63.

Most Americans want to retire by age 67.

Typically, social security benefits begin at age 62. Full benefits will not be given until ages of 66 and 67, depending on the year born.

It is advised that 70% - 80% of pre-retirement income is needed to maintain your lifestyle after retirement.

Happiness in retirement can depend on how people spend their time. Passive activities like watching television and staying at home were found to generate the lowest amount of happiness in a retirement study, while more active endeavors, like socializing, volunteering, walking, or exercising, were associated with the highest level of happiness.

Arizona was Ranked #2 of Top 10 States Where Retirees are Moving

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