Are You Prepared to Retire?

In 2023, the average American retiree had about $170,726 in retirement savings, a decrease from $191,659 at the beginning of 2022. This 10% reduction is significantly lower than the recommended $555,000. Only 12% of retirees have achieved or exceeded this recommended savings amount. Retirees have expressed various regrets regarding their retirement planning. A majority admit…

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What is the cost for Independent Living?

The cost for living in a 55-and-older community can vary widely depending on where it is located. In the least expensive states, median monthly costs are less than half those in the most expensive states. The national median cost per month for independent living is $3,000, with Alabama coming in most economical ($2,376) and Hawaii…

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What is 2-1-1 Arizona?

The 2-1-1 Arizona Information and Referral Services program was founded in 1964 as Community Information and Referral Services and incorporated as a private, nonprofit 501(c)(3) organization in 1979. Solari acquired the program in 2017. 2-1-1 Arizona Information and Referral Service operates 24 hours per day, seven days per week and every day of the year.…

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What Does a Senior Living Referral Agency Do?

Senior living referral agencies play a crucial role in assisting families and seniors in finding appropriate housing options for their changing needs. These agencies act as intermediaries, connecting seniors with suitable living arrangements such as assisted living communities, independent living facilities, memory care units, or nursing homes.

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Planning for retirement can seem difficult. Here are a few tips on where to start….

Navigating retirement successfully involves careful planning and thoughtful financial decisions. Start by saving early and consistently, taking advantage of employer-sponsored plans like 401(k)s and individual retirement accounts (IRAs). Diversify your investments to spread risk and maximize returns, regularly reviewing and adjusting your portfolio as needed. Estimate your retirement expenses, including healthcare, and create a realistic…

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Financial Concerns for Assisted Living?

Paying for assisted living can be a significant financial commitment. Various funding options are available, including personal savings, pensions, and Social Security benefits. Long-term care insurance policies can also help cover costs, but they must be purchased in advance. Veterans and their spouses may qualify for VA Aid and Attendance benefits. Medicaid is another option…

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