Retirees Love Alabama’s Laid-Back Lifestyle and Low Taxes
On the subject of retirement, Alabama happens to be a staple since it offers more affordable housing and lower property and sales taxes, which happen to be very high in other states. What’s more, Alabama long term care costs are quite reasonable compared to what is offered by other states in the southeastern region.
One thing that retirees are very particular about before relocating to another city or state is the living expenses because they want to ensure that their retirement money will be enough for the new life that awaits them.
Aside from the retirement money that they will be receiving from the company which they’ve worked for loyally for 30 years or so these retirees have Social Security allowance, too, but they are aware that this won’t be enough should they need long term care (LTC) in the future.
Moving to Alabama is an excellent choice because you won’t be boxed in a specific kind of living condition. There are rural places here that encourage people to stay attuned with nature so entertainment facilities, restaurants and theaters are kept at bay.
Although it’s ideal to pursue a laid-back life in Alabama after years of hard work in the busy city, don’t forget that as you age traveling long distance may be difficult for you. Perhaps you may want to consider living in the suburb of Mt. Olive or Huntsville as hospitals, nursing homes and assisted living facilities here are only a stone’s throw away.
Alabama Long Term Care Costs
Although it’s relatively cheaper to receive care in Alabama than in other states, your choice of LTC setting will still dictate the price that you have to pay.
For example, if you’re 50 years old at present and expecting in-home care by the time you turn 78 or 80, LTC specialists say you’re likely to spend around $890,000 for a three-year period assuming the usual 5 percent annual inflation. Meanwhile, if you should need nursing home care for another three years you’ll be spending roughly $825,400, again assuming the 5 percent inflation.
Surprised that the cost of home care in Alabama is higher than that of a nursing home? That’s because there’s a greater demand for in-home care services in this region. Only a handful of residents here are actually considering a nursing home as majority of Alabamans prefer to stay in their homes for as long as possible.
In case you will require an assisted living facility in the future, you’ll be glad to know that Alabama has retirement homes situated in wooded areas and retirement communities near golf courses and within the entertainment hub. All you need is just within your reach.
There is absolutely no doubt Alabama is intended for people from all walks of life. For as long as you are peace-loving and you genuinely love the offerings of the state you will find growing old here a marvelous experience, and this goes beyond the considerable Alabama long term care costs.
Know the costs of long term care plans in Alabama. Read more long term care articles online.
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