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House holding you hostage?

Secrets to one of the smartest financial decisions you can make

Created date

June 19th, 2012

When you envision retirement, you want to be happy, healthy, and secure, not stuck in a house that s draining your savings and holding you hostage when you could be out and about, staying active and engaged. That s why planning smart financial decisions is so important when it comes to the next phase of your life. To help you prepare, Susan Coulson, sales counselor at Seabrook, the Erickson Living community in Tinton Falls, N.J., answers some of the most important and frequently asked questions she receives when meeting with people considering Seabrook as their home for retirement and home for life. Q: I wish my expenses were more predictable so I could avoid surprise high costs like a broken water heater or new roof. How can living at Seabrook help me plan my expenses? A: At Seabrook, all your utilities are bundled into one consistent and predictable monthly service package so you won t have surprises. The package stays the same throughout the year, so your day-to-day expenses are more predictable and manageable. Our monthly service package includes not only all your utilities but also basic cable television, trash collection, maintenance and repair, landscaping and lawn care, local transportation, one meal a day in one of our two restaurants or caf , and 24-hour security and emergency response system. Need a light bulb changed or a dishwasher serviced? It s all included. The only thing not included is your telephone bill. Q: I ve got another property tax payment coming up, and New Jersey has the highest in the nation. How is living at Seabrook an advantage when it comes to property taxes? A: No one likes getting their property tax bill in New Jersey! At Seabrook, we include property taxes in your monthly service package, so it s spread out throughout the whole year. And, we spread the amount across the entire community, so you re not getting hit with one large sum every quarter. You can request a breakdown of your portion of the tax bill at the end of the year for tax purposes. Q: I want to enjoy my retirement by being healthy and active. How can living at Seabrook help me stay healthier, longer? A: The Seabrook community has been thoughtfully designed to help you age successfully. You ll enjoy unlimited opportunities to improve your health and make choices that support a healthy and active lifestyle. You ll have access to a system of expert-led health programs and an on-site medical center. Seabrook offers you more options and more control, from choosing a healthy and delicious meal at one of our three restaurants, to staying active in the fitness and aquatics center, to participating in intellectually stimulating classes and activities. You can choose how involved you want to be. The choice is always yours. Q: While I plan on staying healthy and active for years to come, what are my options should something happen to my health? A: As a continuing care retirement community, Seabrook has all your medical needs covered, right on campus, so you never have to worry about moving again no matter what your medical situation. The majority of our community consists of apartment homes for active, independent adults. We have an expert-led medical center on-site as well as home health, skilled nursing, and rehabilitation services. We also have a continuing care neighborhood on campus so you can be sure your current and future health needs are met. No matter what level of care you may need, you can get it right at home. Q: Once I retire, I ll be on a fixed income. What if something should happen to my financial situation? A: Seabrook is a not-for-profit community dedicated to supporting residents who experience an unforeseen change in financial situation. Should your finances change for reasons beyond your control, our Home for Life Commitment provides several options so you can protect your future. Ask to see our Residence and Care Agreement for complete details. Q: What feedback do you hear from people who have chosen Seabrook as their home regarding affordability and financial planning? A: I should have moved here sooner! Seabrook is more than just affordable; it is one of the smartest financial decisions you can make for yourself and your family. Our innovative refundable entrance deposit not only secures your apartment home, it is refundable should you ever decide to leave. You can also access it to cover continuing care expenses if your health needs ever change. And if you decide to spend the rest of your life here, it will be returned to your estate. Please ask to see our Residence and Care Agreement for all the details.