A. There are 5 major housing options for retirees -
1. Aging at your current home
You can stay at your current home and get help if needed. This minimizes any disruption from moving but may not be practical for every senior.
2. Home sharing
If you have friends in similar situations, you can arrange with them sharing the same home. Visit National Shared Housing Resource Center for more information.
3. Continuing care retirement communities (CCRC)
Such communities offer living arrangements that range from independent living to skilled nursing, with people moving from one setup to the next as their needs change. Visit National Investment Center for Senior Housing and Care for more information.
4. Naturally occurring retirement communities (NORC)
People usually live in their own homes or apartments but pay an annual membership fee for access to transportation, social activities, or health care management services. Visit NORCBlueprint.org for more information.
5. Cohousing
It works like a modern commune, members typically buy their own apartment or home and pay monthly membership dues to be part of the community and use a common area for meals, socializing and events. Visit Cohousing.org for more information.