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How Much Does Independent Living Cost

How Much Does Independent Senior Living Cost

Independent senior living costs an average of $3,750 per month in the U.S. in 2021. Monthly costs will range all the way from $1,500-$6,000, depending on location and quality of facility, according to WhereYouLiveMatters.

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What Is Independent Living?

Independent living is a housing arrangement for seniors who have reached the age of 55 and up. However, there are a few exceptions to this. Housing for seniors vary in types, such as apartment living to free-standing homes, including retirement communities. Independent living housing has a friendly atmosphere, allow seniors get around with ease, are more compact, and any maintenance and/or groundwork is taken care of.

Nearly all communities for living independently offer their residents various programs and activities, amenities, and various other services.  Housing for independent living usually include clubhouse and/or recreational centers allowing seniors a chance to interact with others in the community. Independent living also offers community participation in arts, crafts, gatherings on holidays, educational classes, movie nights, among many other community activities.

The housing for independent living might even offer other facilities like fitness centers, golf courses, swimming pools, interest groups, a variety of clubs, and tennis courts. There are many other services that independent living communities may offer, such as: beauty & barber shops, on-site spas, basic housekeeping, daily meals, and laundry services.

After all, independent living facilities are usually focused on those who have reached the age of 55 and up, created and designed to give an atmosphere of living independent, but with assistance available in areas where it may be needed. Hiring in-home help is an option for those who feel they need it.

Paying For Independent Living

Any senior considering a move to an independent living community can expect to pay anywhere between $1,000-$10,000 per month. Generally, there is a one-time fee that comes with independent living communities. This fee can range from $500-$1,500. Budgeting and planning must be a large part of any move to an independent community. Many seniors these days feel as though their retirement savings may not be enough long-term.

In most cases, independent living can be seen as an investment, so don’t let the initial costs turn you off. Do the extensive research and compare multiple communities, then come up with a budget.

Independent Living Cost Breakdown

These are the typical costs associated with independent living:

  • Daily/weekly housekeeping.
  • Activities.
  • Utilities.
  • Transportation.
  • Daily meals and snacks.
  • Emergency systems.
  • Maintenance.

Benefits-of-Independent-Living

Independent Living Benefits

Living in an independent living community is a perfect option for seniors who can still do their daily tasks but who are looking for added benefits that are found in senior living communities. Here are some examples of the benefits independent living communities has to offer.

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.

Proper Nutrition

One of the greatest concerns as people get older is not eating right if it is from the food quality or from not receiving the right nutrients.
It could be for dietary reasons because they don’t want to cook, or both, seniors in independent living can add on meal services. Specifically, Canyon Winds Retirement Community is staffed with a high caliber chef who prepares fresh meals every day. In addition to cooking with quality ingredients, dietary requirements – like low sodium – can also be fulfilled. A lot of independent communities also employ dietitians with an emphasis on senior nutrition and can be an invaluable resource to guarantee that they are eating healthy.

Private Living, With A Community Setting

An additional benefit of independent living is the harmony between enjoying their privacy but also participating in an active community. From joining the multiple activities taking place around the community every day to being involved in on meal service, to taking advantage of exercise rooms and other amenities, they can take advantage of everything the community has to offer as little or as much as they like.

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.

Retirement Communities In Arizona

With independent living communities all across the valley, SLS Communities offers the very best facilities and services for senior citizens. Independent communities are currently located in Sedona, Mesa, Peoria and Surprise, Arizona. Living options include studio, one and two-bedroom apartments, all inside relaxing, resort-style communities. Enjoy weekly trips to shopping, restaurants and entertainment centers. A wide range of activities will be sure to entice all residents, as well!

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Find Quality Assisted Living Care With SLS Communities

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If you’re looking for the very best assisted living in Phoenix; SLS Communities can help!  We have 5 locations in the Phoenix Valley that seniors and their families can choose from. With great amenities such as meticulously manicured landscaping, swimming pools, theater rooms, on-site salons, and much more! SLS Communities delivers today’s seniors the very best assisted living care services in the Phoenix, Arizona area.

Check out our locations below

For more information about assisted living and senior living services please call 480-348-0300.

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7 Stages Of Lewy Body Dementia

7 Stages Of Lewy Body Dementia

One of the most common forms of dementia is Lewy body dementia. Early signs of this disease can easily be confused with Alzheimer’s or even schizophrenia, according to nia.nih.gov. LBD can either simply develop over time or in combination with several other brain disorders.

This progressive disease does take a long time for symptoms to develop and show. Typically, the time span from diagnosis to death is 5-8 years, but some studies have shown 2-20 years is a possible range, as well. Here are the seven stages of LBD:

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Stage 1: Normal Behavior

Individuals entrenched in stage one of LBD will show little to no signs at all of the disease. You will see no dementia symptoms and there will be no impact on the individual’s life at this point.

Stage 2: Mild Changes

You may not be able to notice anything wrong during stage two of LBD. Memory issues may be ignored and passed off as a normal part of aging.

Stage 2 Signs:

  • Some difficulty finding words.
  • Normal functioning in and outside of the home.
  • Ability to overcome memory problems like finding the right words eventually.

Stage 3: Mild Changes

This is generally the stage where slight changes may become noticeable. You can see changes in the individual’s thinking and reasoning, while also seeing some memory issues.

Stage 3 Signs:

  • Moments of forgetfulness.
  • Beginning to have problems at the workplace.
  • Trouble paying attention.
  • Difficulty finding words and/or names.
  • Trouble managing money and remembering appointments.

Stage 4: Mild Dementia

Despite the mild dementia symptoms, your loved one should be able to remember past events, family members and friends.

Stage 4 Signs:

  • Forgetting familiar names and/or items.
  • Forgetting where they placed important items like a phone or wallet.
  • Decreased knowledge of recent events.
  • Mistakes while driving.
  • Difficulty problem solving.
  • Increased issues with money management.
  • Issues with daily tasks.

Stage 5: Moderate To Severe Mental Decline

While your loved should still be able to recognize friends and family, they may have increased trouble remembering past events. At this point they may need help performing routine daily tasks.

Stage 5 Signs:

  • Personality changes and mood swings.
  • Repeat same questions or thoughts.
  • Memory gaps.
  • Need assistance while eating or using the bathroom.
  • Bladder problems.

Stage 6: Severe Mental Decline

The memory of the individual will really start to fade in stage 6. This may be the time to consider hiring someone for 24-hour at-home care.

Stage 6 Signs:

  • Strong mood swings and obvious personality changes.
  • Different eating habits.
  • Getting lost.
  • More bladder problems.
  • Difficulty speaking in general.
  • Lack of awareness.
  • Delusions.

Stage 7: Severe Dementia

The individual will no longer recognize loved ones. 24-hour care is a necessity during this final stage of LBD.

Stage 7 Signs:

  • Loss of ability to eat, swallow and speak.
  • Not able to use bathroom without assistance.
  • No muscle control.
  • Always disoriented.
  • Loss of bladder/bowel control.
  • May need to stay in bed constantly.

Retirement Communities In Arizona

With independent living communities all across the valley, SLS Communities offers the very best facilities and services for senior citizens. Independent communities are currently located in Sedona, Mesa, Peoria and Surprise, Arizona. Living options include studio, one and two-bedroom apartments, all inside relaxing, resort-style communities. Enjoy weekly trips to shopping, restaurants and entertainment centers. A wide range of activities will be sure to entice all residents, as well!

More Articles About Retirement

Find Quality Assisted Living Care With SLS Communities

(480)-348-0300
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If you’re looking for the very best assisted living in Phoenix; SLS Communities can help!  We have 5 locations in the Phoenix Valley that seniors and their families can choose from. With great amenities such as meticulously manicured landscaping, swimming pools, theater rooms, on-site salons, and much more! SLS Communities delivers today’s seniors the very best assisted living care services in the Phoenix, Arizona area.

Check out our locations below

For more information about assisted living and senior living services please call 480-348-0300.

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The 5 Best Retirement Party Games

Best Retirement Party Games

Spice up your retirement party with any of these 5 party games!

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Talent Contest

A talent contest is always best when done as a surprise to all in attendance. Making everyone participate in the contest and finding out their hidden talents can really serve as the highlight of the night. Give everyone a few minutes to decide on their presentation, then draw a random order for participation. A great way to run the competition is to either have the retiree show off one of his/her talents or serve as the judge. Make sure the winner receives a prize at the end.

The Bucket List

Put a box in the front, center or back of the room. Have each guest write down something they would put on their bucket list. Now, you can either pull these cards and read them aloud at the end of the party or you can turn it into a guessing game. Have a contest where the crowd must accurately select which person wrote the certain bucket list item.

Guess The Beer/Wine

This game will surely be a crowd-pleaser! Guessing blindfolded which type of beer or wine you are drinking can be a great game because many people can participate. Depending on the tastes of the crowd, you can either play this game with beer or wine. Start by pouring out three ounces of each beer or glass of wine. It’s recommended to use either four different beer types or four bottles of wine. Make the selections as diverse as possible for a fun guessing game. A stout, pilsner, cider or brown ale could be used. For wine, try to use one red, a white, blush and sparkling choice. Of course, you could always play this game with liquor instead, but be careful.

Wine Flavors

Two Truths And A Lie

In a retirement party setting, there are a few ways this game can be played. You can either have guests come up with two true stories about the retiree, including one line, or strictly have the retiree tell two truths and one lie. All guests will participate in picking out which of the three anecdotes is fake. For this game, the crowd should receive three index cards to write whether or not they believe the story is true or a lie.

Never Have I Ever

Use a traditional bingo board setup for this fun activity. Yet, instead of numbering put some crazy items in the bingo spaces. For example, the boxes could include travel stories or something more revealing such as any embarrassing arrests. The goal of this game is to get someone to cross off five of the items the fastest. Crossing off a row of 5 in any direction should be enough for the win.

Retirement Communities In Arizona

With independent living communities all across the valley, SLS Communities offers the very best facilities and services for senior citizens. Independent communities are currently located in Sedona, Mesa, Peoria and Surprise, Arizona. Living options include studio, one and two-bedroom apartments, all inside relaxing, resort-style communities. Enjoy weekly trips to shopping, restaurants and entertainment centers. A wide range of activities will be sure to entice all residents, as well!

More Articles About Retirement

Find Quality Assisted Living Care With SLS Communities

(480)-348-0300
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If you’re looking for the very best assisted living in Phoenix; SLS Communities can help!  We have 5 locations in the Phoenix Valley that seniors and their families can choose from. With great amenities such as meticulously manicured landscaping, swimming pools, theater rooms, on-site salons, and much more! SLS Communities delivers today’s seniors the very best assisted living care services in the Phoenix, Arizona area.

Check out our locations below

For more information about assisted living and senior living services please call 480-348-0300.

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Independent Living For Seniors

Independent Living For Seniors

If you are searching for “independent living for seniors” or “what is independent living for seniors“, let SLS Communities be your guide!

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What Is Independent Living?

Independent living is a housing arrangement for seniors who have reached the age of 55 and up. However, there are a few exceptions to this. Housing for seniors vary in types, such as apartment living to free-standing homes, including retirement communities. Independent living housing has a friendly atmosphere, allow seniors get around with ease, are more compact, and any maintenance and/or groundwork is taken care of.

Nearly all communities for living independently offer their residents various programs and activities, amenities, and various other services.  Housing for independent living usually include clubhouse and/or recreational centers allowing seniors a chance to interact with others in the community. Independent living also offers community participation in arts, crafts, gatherings on holidays, educational classes, movie nights, among many other community activities.

The housing for independent living might even offer other facilities like fitness centers, golf courses, swimming pools, interest groups, a variety of clubs, and tennis courts. There are many other services that independent living communities may offer, such as: beauty & barber shops, on-site spas, basic housekeeping, daily meals, and laundry services.

After all, independent living facilities are usually focused on those who have reached the age of 55 and up, created and designed to give an atmosphere of living independent, but with assistance available in areas where it may be needed. Hiring in-home help is an option for those who feel they need it.

How Much Does Independent Living Cost?

How Much Does Independent Senior Living Cost

On average, independent living costs about $3,750 per year with average prices ranging from $1,500 to $6,000 per year in the U.S., according to whereyoulivematters.com. Of course, the cost of independent living varies by location, region, and provider.

Benefits Of Independent Living

Here are just a few benefits that independent living residents enjoy daily:

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.

Independent Living In Arizona

With independent living communities all across the valley, SLS Communities offers the very best facilities and services for senior citizens. Independent communities are currently located in Sedona, Mesa, Peoria and Surprise, Arizona. Living options include studio, one and two-bedroom apartments, all inside relaxing, resort-style communities. Enjoy weekly trips to shopping, restaurants and entertainment centers. A wide range of activities will be sure to entice all residents, as well!

Independent Living Features:

  • Housekeeping Services
  • Full Activities Program
  • Utilities
  • Basic Cable
  • Pool And Jacuzzi
  • Fitness Room
  • Beauty/Barber Shop
  • Game Room
  • Pet Friendly
  • Free Laundry Facilities
  • And More!

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Find Quality Assisted Living Care With SLS Communities

(480)-348-0300
REQUEST INFO

If you’re looking for the very best assisted living in Phoenix; SLS Communities can help!  We have 5 locations in the Phoenix Valley that seniors and their families can choose from. With great amenities such as meticulously manicured landscaping, swimming pools, theater rooms, on-site salons, and much more! SLS Communities delivers today’s seniors the very best assisted living care services in the Phoenix, Arizona area.

Check out our locations below

For more information about assisted living and senior living services please call 480-348-0300.

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5 Low Stress Jobs After Retirement

5 Low Stress Jobs After Retirement

From data entry to writing, these are five low-stress jobs ideal for those currently enjoying retirement.

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Best Jobs After Retirement

The beauty of all five of these jobs is they can be done from the comfort of your own home. During the coronavirus pandemic, more and more opportunities became available for at-home workers. This has been especially beneficial for seniors looking for some extra work.

Here’s a list of the best low-stress jobs in 2021:

  1. Writer/Editor
  2. Career Coach
  3. Customer Service
  4. Consultant
  5. Data Entry Position

Writer/Editor

For those with previous writing experience, this can be an ideal position. Even if you are simply looking to get your foot in the door or begin blogging, this is an excellent part-time choice. These days there are many positions available for experienced writers and beginners. Online bloggers are always in demand. This job may begin as unpaid, but it will give those seeking experience a valuable foundation. Younger writers will constantly look for guidance or feedback online. This is where an experienced editor really comes in handy. Depending on years of experience, this can be a very profitable part-time gig.

Career Coach

Speaking of the younger generation seeking guidance, consider the idea of becoming a career coach. You may have seen it all during the course of your long professional career. Giving the knowledge back to younger workers these days can be an incredible service. Thanks to online video platforms like Zoom and Skype, career coaching is something that can be easily done from the home. Retired seniors can provide invaluable guidance to the younger generation in need of career advice. Career coaching can include reviewing resumes and offering interview tips, as well.

Customer Service

Before you accept a role as a customer service representative, these positions generally require a few things from applicants. First, you must have a landline telephone and computer with high-speed internet. Most customer service roles will involve answering calls, emails and chats. You will answer customer questions and put your problem solving skills to work. If you meet all the requirements and enjoy interacting with customers, this may be the best position for you.

Consultant

Consultant is a very broad name for a role that could include a variety of tasks. Much like career coaching, consultant roles allow seniors to reflect on past work experiences and offer modern solutions for modern problems in the workplace. Consultant jobs are perfect for those with prior human resource or finance backgrounds.

Data Entry Position

If you are looking for an at-home position, but would rather not talk on the phone all day, data entry gigs could be a good fit. Those choosing to apply for data entry positions should possess a few qualities, though. You will certainly need to be tech-savvy, especially when dealing with constant updating. Test your skills before applying by taking typing lessons or classes online to get up to speed ahead of time.

Senior Working From Home

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Find Quality Assisted Living Care With SLS Communities

(480)-348-0300
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If you’re looking for the very best assisted living in Phoenix; SLS Communities can help!  We have 5 locations in the Phoenix Valley that seniors and their families can choose from. With great amenities such as meticulously manicured landscaping, swimming pools, theater rooms, on-site salons, and much more! SLS Communities delivers today’s seniors the very best assisted living care services in the Phoenix, Arizona area.

Check out our locations below

For more information about assisted living and senior living services please call 480-348-0300.

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Assisted Living Facilities Near Me

Assisted Living Facilities Near Me

If you are searching for “assisted living facilities near me” in Arizona, this post will be your guide! From Sedona to Surprise, these are five of the best assisted living communities in the valley of the sun.

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List Of Assisted Living Facilities Near Me

This article consists of some of the best assisted living facilities in Arizona, including:

Keep reading for more details on these facilities!

Assisted Living In Sedona, AZ

Sedona is regarded as the most scenic city in all of Arizona. And that reason alone makes it a wonderful place to call home. Sedona Winds, located in the heart of the red rocks, offers stunning courtyard views, along with a 24-hour staff for every need. Settle for a one-bedroom or large studio apartment, or choose their two-story building to enjoy breathtaking views, daily. General maintenance, weekly laundry and deep cleaning of your apartment, an emergency call system, and a diverse activities program are all included when you choose Sedona Winds.

Sedona Winds offers:

  • Independent Living
  • Assisted Living
  • Memory Care

Assisted Living In Surprise, AZ

If you’ve lived in Surprise your entire life and want to stay close to friends and family, then Chaparral Winds is the assisted living facility for you! As Chaparral Winds’ website states, this is a community designed for the active seniors, while still providing a relaxed vibe throughout the facility. A pool and hot tub combined with a beautiful dining area make this one of the premier communities in all of Arizona. Great shopping, golf courses, restaurants and medical facilities are all located within a few miles.

Chaparral Winds offers:

  • Independent Living
  • Assisted Living
  • Memory Care

Assisted Living In Peoria, AZ

Offering assisted, independent and memory care services, Desert Winds is a top-notch community in the valley. Desert Winds offers three types of floor plans for assisted living residents. Whether a two-bedroom, two-bath or one-bedroom, one-bath is what you desire, Desert Winds has a plan for you. Studio apartments are available as well. All of these floor plans can be toured virtually on Desert Winds’ official website. All apartments come fully equipped with individual heat and AC units, a refrigerator, microwave, window treatments and more.

Desert Winds offers:

  • Independent Living
  • Assisted Living
  • Memory Care

Assisted Living In Mesa, AZ

Canyon Winds is a Senior Living Services Community located in Mesa, Arizona. This facility offers plenty of choices for senior citizens of varying needs. One can find more than just assisted living at Canyon Winds, as they also offer independent and memory care services. This resort-style facility is breathtaking, with spacious floor plans and dining areas. A full activity program and fitness center await future residents. Looking to bring a small cat or dog to your new home? Not a problem at all, as every SLS Community is pet friendly!

Canyon Winds offers:

  • Independent Living
  • Assisted Living
  • Memory Care

Assisted Living In Youngtown, AZ

There isn’t a more appropriately named setting for this lively community than Youngtown! Monthly rent at Ventana Winds includes three well balanced meals plus snacks, 24-hour staff, and a daily tidying of your apartment. The offerings don’t end there! Personal laundry is done weekly, transportation is provided for appointments or shopping, a 24/7 emergency call system is in place, as well as a full slate of exciting activities. Check out all of Ventana Winds’ offerings today!

Ventana Winds offers:

  • Assisted Living
  • Memory Care

How Much Does Assisted Living Cost In Arizona?

The average cost of assisted living per year in Arizona is $42,500. Paying for Senior Care lists the average cost per month for assisted living in Arizona at $3,800 which equals about $45,600 per year. The average yearly cost for assisted living in Arizona is approximately $45,600, with costs running between $3,500 and $5,098 per year.

  • Low Cost: $42,000 per year
  • Average Cost: $45,600 per year
  • High Cost: $61,176 per year

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Find Quality Assisted Living Care With SLS Communities

(480)-348-0300
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If you’re looking for the very best assisted living in Phoenix; SLS Communities can help!  We have 5 locations in the Phoenix Valley that seniors and their families can choose from. With great amenities such as meticulously manicured landscaping, swimming pools, theater rooms, on-site salons, and much more! SLS Communities delivers today’s seniors the very best assisted living care services in the Phoenix, Arizona area.

Check out our locations below

For more information about assisted living and senior living services please call 480-348-0300.

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Can I Retire At 60 With 500K

Can I Retire At 60 With 500K

With meticulous planning and wise investments, yes, it is possible to retire by the age of 60 with $500,000 in the bank.

If you are searching for “can I retire at 60 with 500k,” this post will be your guide!

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Can I Retire With 500K?

Most experts suggest you’ll need to save $1 to $2 million to retire comfortably. While that is a good rule of thumb, it certainly is possible to enjoy retirement without saving that amount of money. In many cases, 500K will be enough to retire on. However, you will need to work out a smart budget and live wisely for your present and future years.

Here are a few tips to follow:

  • Save money early and often.
  • Always maintain a budget.
  • Choose the right location.

Save Money Early And Often

The more money you save during your younger years and working days, the better equipped you will be for retirement. Saving money early and often is a crucial step toward an early retirement. The good news is there are currently many ways to get creative and save money. Take advantage of any extra cash that may come your way, such as a work or performance bonus. Put your extra money into an IRA or a 401(K) plan. Check with your employer to see if they’ll fully match any contributions made toward a retirement plan. If they do, capitalize on this savings opportunity.

Always Maintain A Budget

Enjoy your current lifestyle, but always live within a strict budget. This is another key when building toward a happy and healthy retirement at 60. Keep all your basic living expenses, including housing, healthcare, utilities and transportation on a budget. Go back and look at your monthly or your past year’s expenses and come up with a budget based on those figures. Now, find out what you can cut back on. That might mean fewer nights dining out or vacations, but in the long run the budget will be well worth it.

Choose The Right Location

So, what exactly does this next step mean? Well, you may love the area you live in and trust the school systems, etc, but the experts suggest evaluating everything, and that includes location. Consider the idea of relocating to an area with lower housing prices, if possible. This move, of course, could also apply to your future retirement. With 500K in the bank, you may have to settle on location. You might not be able to live in the location of your dreams. But, if retiring at 60 is one of your dreams, make sure to follow these three steps.

How To Save For Retirement Without A 401k

Retiring Without A 401K Plan

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:

  • Open a solo 401K
  • Save tax refunds
  • Open an IRA

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.

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.

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.

Retired Couple

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Find Quality Assisted Living Care With SLS Communities

(480)-348-0300
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If you’re looking for the very best assisted living in Phoenix; SLS Communities can help!  We have 5 locations in the Phoenix Valley that seniors and their families can choose from. With great amenities such as meticulously manicured landscaping, swimming pools, theater rooms, on-site salons, and much more! SLS Communities delivers today’s seniors the very best assisted living care services in the Phoenix, Arizona area.

Check out our locations below

For more information about assisted living and senior living services please call 480-348-0300.

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How To Retire At 50

How To Retire At 50

If you are currently pondering the question of “how to retire at 50,” this post should help! The good news is retiring at 50 is definitely possible if you stay focused, disciplined and financially responsible.

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Retirement Planning Steps

If you plan to retire by the age of 50, follow these four steps:

  1. Decide On Early Retirement
  2. Make Lifestyle Adjustments
  3. Save Money Now
  4. Make Wise Investments

Decide On Early Retirement

This may be the biggest key towards early retirement: actually deciding on early retirement. If you wish to retire at 50, you need to settle on that number years in advance to give yourself the best chance to make this a reality. Obviously, you will have a much better chance to successfully retire at 50 when you decide on this when you are 25 years old, compared to 45. This is common sense, but it is a very tough goal to set while you are figuring out a career, climbing the corporate ladder, and raising a family all at the same time. Life certainly gets in the way at times, but do not let anything discourage you from retiring when you wish.

It is suggested that you attempt to accelerate your income to maximize your savings at an earlier age. Pick up a part-time job or start a side business. Or, sometimes just asking for more hours/extra work at your current job can result in more income. Always resist the urge to live at or above your means.

Make Lifestyle Adjustments

The good news is making lifestyle adjustments in this instance does not mean anything drastic needs to be sacrificed. If your plan is to retire earlier than most other workers, then normal savings methods do not apply to you. This means you must re-evaluate all your spending habits, current savings and investment options.

Rid yourself of any unnecessary expenses, which generally consist of going out to eat frequently, vacationing or attending concerts. The next step is to pay off any existing car loans, student loans or debts. The amount of money you save today will be used to enjoy retirement tomorrow.

Save Money Now

This is easier said than done, right? Well, maybe it isn’t so difficult to start saving as soon as possible. Use the four percent rule as a guideline here. This is a rule that says your savings should last at least 30 years, as long as you withdraw 4% of your savings during the very first year of your retirement.

For instance, if you plan to live off a total of $25,000 for the next 30 years of your life, then it is suggested that you have at least $750,000 in savings. Determine out how much you can survive off during your retirement to give yourself the best possible estimate at an exact figure.

Make Wise Investments

The experts commonly say the younger you are, the more room you have for risks, financially speaking. Most believe that even if the market crashes while you are in your 20s, you can still regain enough wealth to live happily and healthy throughout life.

If you want to retire early, though, perhaps making some wise investments rather than gambling on risky stocks, etc is the way to go. Take a conservative approach when it comes to the market. Always make sure to diversify and factor in Social Security benefits when estimating a retirement budget.

Need a retirement calculator? Click right here.

How To Save For Retirement Without A 401K

How Do I Save For Retirement Without A 401k?

Here are three helpful tips for saving for retirement without a 401k plan:

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.

Open 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.

More Articles About Senior Living

Find Quality Assisted Living Care With SLS Communities

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If you’re looking for the very best assisted living in Phoenix; SLS Communities can help!  We have 5 locations in the Phoenix Valley that seniors and their families can choose from. With great amenities such as meticulously manicured landscaping, swimming pools, theater rooms, on-site salons, and much more! SLS Communities delivers today’s seniors the very best assisted living care services in the Phoenix, Arizona area.

Check out our locations below

For more information about assisted living and senior living services please call 480-348-0300.

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Ten Early Signs and Symptoms of Alzheimer’s Disease

Ten Early Signs and Symptoms of Alzheimer

Memory loss that interferes with day-to-day life could be a symptom or sign of Alzheimer’s or other type of dementia. This is a type of brain disease which leads to a slow decrease in someone’s memory, thinking and reasoning abilities. Here are ten signs and symptoms of Alzheimer’s. When you recognize any of them, don’t disregard them. Schedule a doctor’s appointment.

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Memory loss that interferes with day-to-day life

A more general sign of Alzheimer’s disease, particularly in the early stage, is not retaining recently learned information. Others comprise of not remembering pivotal dates or events, constantly asking the same questions, and increasingly requiring to rely on memory aids or relatives for things they used to deal with by themselves.

What is a typical age-related change?
Sometimes not remembering places or appointments but recalling them later.

Difficulty in planning or problem solving

Many individuals living with dementia might undergo changes in their ability to create and follow a plan or use numbers. They might have difficulty following an everyday recipe or keeping track of their month to month bills. They might have difficulty focusing and taking a lot longer to accomplish things than they did previously.

What is a typical age-related change?
Making periodic errors when dealing with finances or household bills.

Challenges completing familiar duties

Individuals that have Alzheimer’s sometimes find it difficult to complete everyday duties. Often, they might have difficulty driving to a familiar place, comprising a grocery list or recalling the rules of a beloved game.

What is a typical age-related change?
Sometimes requiring help to use the microwave or to DVR a TV show.

Perplexed with time or place

Individuals that are living with Alzheimer’s may lose track of dates, the seasons and the passing of time. They might have trouble comprehending something if it isn’t happening right away. Occasionally they might forget where they are or the matter in which they got there.

What is a typical age-related change?
Feeling confused about what day of the week it is but figuring it out later.

Difficulty comprehending visual images and dimensional relationships

For some individuals, having vision issues is a sign of Alzheimer’s. This might lead to trouble keeping balance or difficulty reading. They might also have issues judging distance and distinguishing color or contrast, causing problems with driving.

What is a typical age-related change?
Vision changes associated to cataracts.

New issues with words when speaking or writing

Individuals living with Alzheimer’s might have issues following or joining conversations. They might stop mid-conversation and have no concept how to continue or they might repeat what they’ve said. They might have difficulty with vocabulary, have difficulty naming a familiar object or use the wrong name (for example referring to a “watch” as a “hand clock”).

What is a typical age-related change?
Sometimes having difficulty finding the correct word.

Misplacing items and having difficulty retracing steps

An individual living with Alzheimer’s can put items in unusual places. They might forget where they put things and are not able to go retrace their steps to find the item again. They could blame others of taking them, particularly as the disease advances.

What is a typical age-related change?
Misplacing items occasionally and retracing their steps to find them.

Reduced or bad judgment

A person living with Alzheimer’s might experience changes in judgment or making decisions. For instance, they might use bad judgment when handling finances or be less attentive to grooming or maintaining their cleanliness.

What is a typical age-related change?
Making bad decisions or mistakes occasionally, like disregarding to change the car’s oil.

Withdrawing from work or social affairs

An individual living with Alzheimer’s disease might experience changes in the capability to engage in or follow conversations. consequently, they might withdraw from leisure and/or, social activities or other engagements. They might have trouble following favorite team or keeping up with an activity.

What is a typical age-related change?
Occasionally feeling disinterested in relatives or social commitments.

Changes in temperament and personality

A person living with Alzheimer’s might experience temperament and personality changes. They may become confused, suspect, depressed, fearful, or nervous. They might be easily distressed when at home, with friends or when out of their sanctum.

What is a typical age-related change?
Devising a very particular ways of doing things and getting irritated when a routine is disturbed.

Find Quality Independent Living, Assisted Living, & Memory Care In Arizona

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If you’re looking for the quality assisted living, memory care, and senior living services in Phoenix, Mesa, Surprise, Peoria, or anywhere else in ARizona; SLS Communities is here for you!  We have 5 locations around the valley that seniors and their families can choose from. With excellent amenities such as beautifully manicured landscaping, swimming pools, theatre rooms, on-site salons, and much more. SLS delivers today’s seniors the very best retirement care services in the Phoenix, Arizona area.

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Covid Vaccine Update: What Seniors Need To Know

Who Gets Covid Vaccine First?

All citizens, especially seniors, are still living through some very dark days thanks to the Coronavirus pandemic. Now that a vaccine is ready and available, though, how will it be distributed? If you are searching for “who gets covid vaccine first” or “covid vaccine update,” then this post will provide you with the CDC’s recommendations for a vaccine rollout.

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CDC Vaccine Recommendations

Due to supply, the distribution of the COVID-19 vaccine is limited at first. The CDC has provided recommendations to federal, state and local governments about which citizens should receive priority for vaccinations. These recommendations from the CDC are based on the thoughts of Advisory Committee on Immunization Practices (ACIP), which is an independent panel of experts regarding medical and public health matters.

While the CDC makes recommendations for vaccine priority, each state has its own plan for the ongoing rollout. It’s up to each state to prioritize who gets the vaccine first. The CDC urges all interested parties to contact their local health department for more information on vaccine distribution.

COVID Vaccine Schedule

CDC recommendations were made with the primary goals of saving lives and protecting frontline workers. These initial groups were prioritized by the CDC back in late December, 2020:

Phase 1A:

  • Healthcare personnel and long-term care facility residents.

Phase 1B:

  • Essential frontline workers. These include police officers, fire fighters, educational workers, food and agricultural workers, etc.
  • People aged 75+. People of this age are at a higher risk of hospitalization, illness and death as a result of COVID-19.

Phase 1C:

  • Citizens between the ages of 65-74.
  • Citizens between the ages of 16-64 with underlying medical conditions.
  • Other essential workers, such as transportation workers, food service, public safety, public health workers, etc.

The CDC announced vaccine recommendations will expand as time goes on.

Read more about the CDC’s COVID-19 vaccine recommendations right here.

COVID Vaccine Tracker

According to the CDC, more than 13 million Americans had received a vaccination as of January 19, 2021. Of those people, over two million have received the second dose of the vaccination. Close to two million doses have been administered in long-term care facilities. A total of more than 31 million doses have been distributed throughout the United States.

Check out a map of COVID vaccine information right here.

COVID Vaccines By State

As mentioned above, each state has rolled out a specific plan for its area in regards to the distribution of the COVID vaccine. Every state was granted an amount of the vaccine in proportion to its population. As of January 15, 2021, California had received the most doses of the vaccine, with more than three million in stock. Florida, New York, Texas, Pennsylvania, Illinois and Georgia are the only other states at this moment to receive more than one million doses. California and Texas are the only two states to have surpassed one million shots given so far.

All data above according to the NY Times.

Covid-19 Vaccine

COVID Vaccine Update In Arizona

According to Azdhs.gov, Arizona counties have unveiled a prioritized phase approach, similar to the CDC’s recommendations. In order to schedule an appointment for vaccination, you must be a member of the current phase and provide appropriate identification after scheduling. Here’s a look at the phase breakdown of vaccine distribution in Arizona:

Phase 1A:

  • Healthcare workers and healthcare support occupations.
  • Long-term care facility residents and staff.
  • Emergency medical service workers.

Prioritized Phase 1B:

  • Childcare and education workers.
  • Adults aged 65 and older.
  • Protective services occupations.
  • Anyone remaining from phase 1A.

Phase 1B:

  • Essential services and critical industry workers.
  • Adults with high-risk conditions in congregate settings.
  • Anyone remaining from the previous phases.

Phase 1C:

  • Adults of any age with high-risk medical conditions.
  • Adults living in congregate settings.
  • Anyone remaining from phases 1A and 1B.

Phase 2:

  • Any additional high-risk and/or critical populations.
  • General public.
  • Anyone remaining from phase 1.

Phase 3:

  • General public.
  • Anyone remaining from phase 1 and phase 2 populations.

More Articles About Senior Living

Find Quality Assisted Living Care With SLS Communities

(480)-348-0300
REQUEST INFO

If you’re looking for the very best assisted living in Phoenix; SLS Communities can help!  We have 5 locations in the Phoenix Valley that seniors and their families can choose from. With great amenities such as meticulously manicured landscaping, swimming pools, theater rooms, on-site salons, and much more! SLS Communities delivers today’s seniors the very best assisted living care services in the Phoenix, Arizona area.

Check out our locations below

For more information about assisted living and senior living services please call 480-348-0300.

COVID-19, Senior Living
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