What’s the minimum age to live in a retirement village?
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Retirement homes or villages are designed to take residents who are still young enough to be active in their communities and well enough to be self-sufficient in their own homes as well.
But, what’s the minimum age requirement to live in a retirement village? Read on to find out retirement village guidelines.
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Guidelines to live in retirement village
Most retirement villages follow the guidelines for entry age. Residents must be at least 55 years old and no long working full time. The person’s spouse, regardless of age and employment status, is also entitled to live within the retirement village.
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Times gone by
Previously, parents were concerned with leaving a significant estate for the children and grandchildren to benefit from. This tradition has started to decline and many people who are 55 and over look forward to spending as much of their hard-earned cash as possible.
On average, many will be around the 55-65 age brackets when they arrive at a retirement village. Many of these residents work part time and travel for part of the time. The security that living in a retirement village provides is a feature that is very attractive to many residents.