Donna Barker enjoys high-end resort-style senior living at Villa Marin in California
Donna Barker, an 87-year-old resident of the California-based Villa Marin, experiences a luxury retirement lifestyle that emphasizes independence and social interaction. The community offers upscale amenities such as a high-end restaurant, a library, a salon, and a health center with on-site medical staff.
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Residents own their apartments, which can cost up to $585,000 for a one-bedroom unit, plus a monthly HOA fee of up to $6,157. Experts note that many baby boomers are currently upgrading their retirement options by choosing these resort-style communities over traditional nursing homes. While these communities offer a20- or 30-year lifestyle and healthcare decision, experts advise retirees to consider the total cost of aging, which is not always linear. They suggest that while a luxury community may be affordable today, retirees should ensure they have enough financial flexibility to absorb future inflation, market volatility, and increasing care needs. Middle-income families may have fewer options and often rely more heavily on unpaid family caregiving compared of to affluent retirees who have several viable choices.
Sources
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Baby Boomers Reshape Senior Living
Neighborhood Gazette
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Boomers are paying hundreds of thousands to live in luxe ‘resort-style’ communities — and redefining retirement
Yahoo Finance