The transition into retirement often brings with it the desire for a lifestyle that combines financial predictability with the opportunity to enjoy one’s golden years without the burdens of homeownership. For Joe and Beverly Limansky, the search for such a lifestyle led them to Riderwood, an Erickson Senior Living community in Silver Spring, Md. Their story highlights a growing trend among seniors seeking communities that offer both financial stability and a vibrant, worry-free lifestyle.
Riderwood’s pricing structure is designed to alleviate the financial uncertainties that can accompany retirement. The community’s monthly service package consolidates expenses such as utilities, meals, maintenance, and access to amenities into a single, predictable bill. This approach resonates with the over 90% of seniors who, according to a survey commissioned by Erickson Senior Living, prefer predictable monthly expenses to cover their daily needs. The Limanskys’ experience underscores the value of this model, as it has allowed them to manage their budget with confidence and enjoy a maintenance-free lifestyle.
Another key feature of Riderwood’s financial model is the 90% refundable entrance fee, which is returned to residents or their beneficiaries upon leaving the community. This aspect was particularly appealing to the Limanskys, who were wary of the non-refundable fees charged by other communities. The flexibility and financial security offered by this fee structure make Riderwood an attractive option for retirees concerned about preserving their savings.
Beyond financial considerations, Riderwood offers a wealth of amenities and activities that enrich residents’ lives. From a state-of-the-art fitness center to over 240 clubs and activities, the community provides ample opportunities for social engagement and personal growth. The Limanskys’ active participation in various activities and clubs exemplifies the vibrant lifestyle that Riderwood fosters.
Perhaps most importantly, Riderwood’s Home for Life promise offers residents peace of mind by ensuring that no one will be asked to leave due to a genuine inability to pay. This commitment to residents’ financial and emotional well-being is a testament to the community’s values and its understanding of the challenges that can arise in later life.
The story of Joe and Beverly Limansky at Riderwood illustrates the importance of choosing a retirement community that aligns with one’s financial goals and lifestyle preferences. As more seniors seek out communities that offer both stability and enrichment, Riderwood’s model serves as a compelling example of how retirement living can be reimagined to meet the needs of today’s retirees.
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