• Discounts and special offers
  • Subscriber-only articles and interviews
  • Breaking news and trending topics

Already a subscriber?

By signing up, you accept Moneywise's Terms of Use, Subscription Agreement, and Privacy Policy.

Not interested ?

Looking beyond the food

While food is naturally a key consideration when choosing a senior living community, it’s important to recognize the benefits of moving to one — even if dining choices seem limited at first glance.

One of the most significant advantages is the sense of community. Living among people who share similar experiences and life stages can be incredibly value, especially for the company alone.

A January 2023 University of Michigan National Poll on Healthy Aging found that 34% of Americans aged 50 to 80 reported feeling isolated from others some of the time or often, and 37% reported a lack of companionship. Retirees are particularly prone to loneliness, as work often serves as a primary social outlet. Senior living communities can help address that.

Also, these communities often offer a wide range of on-site amenities, such as tennis courts, swimming pools and fitness classes. Many older adults struggle to fill their days after they retire, but staying active not only staves off boredom, it also helps prevent certain health problems.

Finally, moving to a senior community can also ease the burden of home maintenance, which becomes increasingly difficult with age. Residents typically only need to manage the interiors of their units, as most major maintenance issues are handled by a homeowners association.

Discover how a simple decision today could lead to an extra $1.3 million in retirement

Learn how you can set yourself up for a more prosperous future by exploring why so many people who work with financial advisors retire with more wealth.

Discover the full story and see how you could be on the path to an extra $1.3 million in retirement.

Read More

Don’t let food hold you back

If concerns about food are holding you back from moving to a senior community, there are ways to address them while still enjoying the many benefits these communities offer.

First, many senior communities are investing in better dining options, recognizing that food quality and nutrition are important aspects of living for residents. Before assuming the food will be subpar, take the time to research and visit communities to see their offerings firsthand.

Also, services like DoorDash and UberEats make it easier than ever to order food from your favorite restaurants and have it delivered right to your door. If food is a priority in your budget, this added expense could allow you to enjoy the social aspects of senior living without relying solely on on-site dining.

If you’re worried the food at a senior community won’t be nutritious enough, you can always supplement with your own meal prep or sign up for meal delivery services that cater to different dietary needs, whether you follow a vegan, keto or any other specific diet.

In 2023, U.S. consumers spent an average of $3,933 on dining out, according to the Bureau of Labor Statistics, with food expenses making up about 13% of their overall budgets. If you’re retired and considering a senior community, you may have fewer overall expenses compared to the average consumer, giving you the wiggle room to spend extra on food to enhance your overall quality of life.

Sponsored

Meet your retirement goals effortlessly

The road to retirement may seem long, but with Advisor, you can find a trusted partner to guide you every step of the way

Advisor matches you with vetted financial advisors that offer personalized advice to help you to make the right choices, invest wisely, and secure the retirement you've always dreamed of. Start planning early, and get your retirement mapped out today.

Maurie Backman Freelance Writer

Maurie Backman is a freelance contributor to Moneywise, who has more than a decade of experience writing about financial topics, including retirement, investing, Social Security, and real estate.

Disclaimer

The content provided on Moneywise is information to help users become financially literate. It is neither tax nor legal advice, is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional. We make no representation or warranty of any kind, either express or implied, with respect to the data provided, the timeliness thereof, the results to be obtained by the use thereof or any other matter. Advertisers are not responsible for the content of this site, including any editorials or reviews that may appear on this site. For complete and current information on any advertiser product, please visit their website.