All Posts in "Personal Finance/Consumers"

Plans have been announced for a new senior community in Olympia that will include one-bedroom and two-bedroom apartments, heated parking, and amenities such as a fitness center, outdoor gardening, and decks or patios.

The project is by Real Estate Equities, an Eagan, Minn.-based company, and is one of 34 village cooperatives that are under construction or scheduled for construction in the next year in eight states. As cooperatives, the residents control all aspects of ownership and operations.

Additional information is available at www.villagecooperative.com.

srmedia by — July 31, 2019 in Personal Finance/Consumers

Many Baby Boomers have every intention of staying on the job beyond age 65, either because they want to, they have to, or they desire to maximize Social Security checks. But that plan could backfire.

Consider this: Fifty-three percent of workers expect to work beyond age 65 to make ends meet, according to the Transamerica Center for Retirement Studies. Yet, you can’t count on being able to bring in a paycheck if you need it. While more than half of today’s workers plan to continue working in retirement, just 1 in 5 Americans age 65 and over are actually employed, according to U.S. Department of Labor statistics.

You could be forced to stop working and retire early for any number of reasons, according to the Transamerica Center for Retirement Studies. Health-related issues — either your own or those of a loved one — are a major factor. So, too, are employer-related issues such as downsizing, layoffs and buyouts. Failing to keep skills up to date is another reason older workers can struggle to get hired. The actionable advice: Assume the worst, and save early and often. Only 28 percent of baby boomers surveyed by Transamerica have a backup plan to replace retirement income if unable to continue working.

Source: Kiplinger Retirement

srmedia by — July 17, 2019 in Personal Finance/Consumers

Affinity Living Communities is building a 168-unit apartment complex for seniors in Puyallup.

The multi-story building for 55-plus independent living is under construction at the corner of Fifth Street Southeast and 43rd Avenue Southeast. The location is near other senior-living communities and Korum Family YMCA.

Affinity Living Communities is part of Inland Group, a development, construction and asset management company based in Spokane.

Affinity has other locations in Texas, Colorado and Minnesota, Idaho and Washington. Its Puyallup community, the first in Pierce County, will join seven others in Washington. The others are in King County (Covington), Thurston County (Olympia and Lacey), Bellingham, and eastern Washington (Spokane, Walla Walla and Kennewick).

Information is available at affinityforliving.com.

srmedia by — July 3, 2019 in Personal Finance/Consumers
New retirement community in Puyallup busy with move-ins

It’s been moving day a lot lately at Wesley Bradley Park, Wesley Homes’ latest retirement community and first in Pierce County.

The 19-acre property in Puyallup, purchased in 2009 by faith-based, not-for-profit Wesley, became home to more than 100 residents in April and May, with more moving in daily. The community features a five-story lodge with independent-living residences, catered-living apartments that were launched May 7, and assisted-living memory care. The Brownstone, with its condo-style apartments, opened last summer.

A spokeswoman said it’s been all-hands-on-deck as staff from Wesley’s corporate office in Des Moines and its other communities helped open Bradley Park and facilitate dozens of moves each week.

Campus administrator TC Fraser said the Bradley Park community “is the first of this kind to offer such a robust network of services for adults 62 years of age or better in Puyallup.”

Construction began in March 2017. In addition to the resulting residences, amenities include a learning center/theater, multiple dining venues, a creative arts center, a wood shop, a fully equipped health and wellness center, a beauty salon, a club room, a library and a chapel/auditorium. A public park is literally around a street corner. And nearby Pierce College is helping coordinate life-enriching programs in and around the campus through a continuing-education program funded by Wesley Community Foundation. All courses are free to residents and older adults in the greater community.

The licensing application for the assisted-living memory care wing was in progress in May. Once open, it will house 17 residents in individual apartments.

Celebrating its 75th anniversary, Wesley Homes operates three retirement communities—including Wesley Des Moines and Wesley Lea Hill in Auburn–and a home health agency. The latter provides Medicare and Medicaid-certified services, in-home care and hospice services in King and Pierce counties.

srmedia by — June 18, 2019 in Personal Finance/Consumers