That depends on your monthly expenses. A continuing care retirement community’s monthly service fee typically includes a dining plan that covers a certain number of meals each week, scheduled transportation, a staffed fitness center with classes and personal training, and a wide range of social, cultural, and learning events. Cable, phone, and certain utilities may be included. Residents typically find themselves using their cars less and spending less on entertainment and groceries.
In addition, homeowner association fees, homeowner’s insurance, real estate taxes, home and yard maintenance, and big-ticket home repairs go away.