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Addressing the what-ifs in retirement

Financial stability, strong management make Ann’s Choice the right choice

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July 6th, 2016
Deborah Olcese, Ann’s Choice Sales Director.

Deborah Olcese, Ann’s Choice Sales Director.

Today’s uncertain economic environment has led to second-guessing on the part of many people who want to shed their homeowner responsibilities for an easier lifestyle at a retirement community. 

Concerns about their investments have prompted some of them to delay such a move. That worries Deborah Olcese, the sales director at Ann’s Choice, Erickson Living’s full-service retirement community in Bucks County, Pa.

“No one can predict the future,” she says. “I fear that if people wait and the housing market goes down, their worries and stress will only increase.”

Moving to Ann’s Choice, says Olcese, represents an investment that guarantees a favorable return and peace of mind.  

Financial peace of mind

“The entrance deposit is 90% refundable to your estate,” she says. “And your monthly expenses will remain fixed for the year, so you’ll know what you’re going to pay.” (The Residence and Care Agreement has all the details.)

At Ann’s Choice, all the what-ifs are taken care of, including those unexpected home repairs or large appliance replacements that could cost thousands of dollars. 

Ann’s Choice community members live maintenance-free. The monthly service package covers everything from 24/7 security and maintenance teams to utilities, property taxes, grounds care for the beautiful campus, and an abundance of on-site amenities. 

Olcese invites people to meet with a sales associate to compare their costs at home with what they’d pay at Ann’s Choice.

Financial Director Tom Walsh adds that since Ann’s Choice opened in 2003, annual monthly fee increases have averaged just 3.5%. 

“That’s because we’ve had good cash flow and have built required financial reserves,” he says. “We’re able to predict those fees and keep them affordable for our residents. Ann’s Choice is extremely financially sound.”

Purchase power

Ann’s Choice, a not-for-profit retirement community, is managed by Erickson Living but owns its 103-acre property and all its buildings.

A growing company, Erickson Living has 18 properties in 10 states and another one in development in North Carolina. But its growth is outpacing its costs, says Walsh, thus, keeping costs to Ann’s Choice relatively flat.

And the company’s sheer size gives it tremendous purchasing power resulting in additional savings. 

Ann’s Choice also benefits from Erickson Living’s centralized infrastructure; the community needn’t set up its own systems for such essentials as staffing, legal, or accounting support.

Walsh says that Erickson Living is more than stable: “It’s the leader in the industry in terms of the quality of its communities; its financial strength; and its innovative delivery of top-of-the-line, on-site, comprehensive health care services.”

“Again, no one can predict what might happen in the future,” says Olcese. “But all levels of care are provided at Ann’s Choice should your medical needs change.” 

“You can rest assured that your resources will cover any care you may need,” says Walsh. “And should you run out of money through no fault of your own, our promise of a home for life means you can always remain at Ann’s Choice.” 

As a not-for-profit community, Ann’s Choice is dedicated to supporting residents who experience an unforeseen change in their finances for reasons beyond their control. The home for life commitment provides several options for people to protect their future. It’s all in the Residence and Care Agreement.

“You and your children will have peace of mind that you’re in a safe place that’s financially viable,” adds Walsh. “That’s security you can’t put a price on.”

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