NEWS & ARTICLES

Downsizing & Decluttering for Retirement

Downsizing for Retirement Downsizing from the 4000 square foot home where you raised a family and accumulated years of “stuff” is not always an easy task.  Memorabilia, collectibles, and other nostalgia are likely found in almost every corner of your home.  Baywoods of Annapolis is pleased to share these tips to help you minimize without stress. Come and Get It! More often than not, your kids have an idea of

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Two Things to Consider for Your Parents Continuing Care Retirement Community Move

Continuing Care Retirement Community We all want what’s best for our loved ones. At some point, we realize that our parents or loved ones cannot live as well or as safely independently like they used to. When everyday activities become difficult, a move to a continuing care retirement community will help a retiree thrive. Here are some helpful suggestions to consider before you tour a senior community. Is this a Financially Feasible Option? The first thing to consider is whether moving to a senior living community makes financial sense for your loved one. Is their current living situation safe for them, then consider is the house upkeep draining their finances. Many seniors have to get help or contract with services outside of the home to keep their property up.  Sit down with your parents and determine what they are spending on a monthly basis to keep their home going. Real Estate taxes, school taxes etc. Ask them to calculate the amount they receive from all retirement accounts and Social Security payments. Once you have an idea about what they currently spend on a monthly basis, then look at what they can afford. At this point the process becomes easier. A

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