Golden opportunities

Spanish explorer Ponce de Leon was the first to seek the fountain of youth in Florida. If you believe that such a wellspring is not a literal fountain, but rather a lifestyle practiced under sunny skies, then it surely can be found in Orlando and Central Florida.

Florida’s warm climes have long been a magnet for seniors. That’s especially true now that people are living longer, healthier lives.

More and more, the trend is toward an active retirement, and that’s certainly the theme of “golden age” life in Central Florida.  If you're looking for a place to call home in a retirement community, an active adult community or an over 55 community, the person you need to talk to is Orlando Realtor John Hambrick.

Remember, too, retirement homes in 55+ communities are also great for seasonal or second homes.

Metro Orlando is equally well known for its outstanding health care facilities and exceptional community services, including police, fire and emergency medical. The area boasts an abundance of diverse housing options, at prices well below national averages. The fact that the state of Florida has no personal income tax also is attractive to residents.

Golf enthusiasts will be interested to note that the region is home to more than 100 top ranked golf courses and that more professional golfers live in Orlando than in any other city in the United States, including legend Arnold Palmer and young superstar Tiger Woods

What ultimately sets Metro Orlando apart is its remarkable quality of life. A warm sunny climate; professional sports including basketball, baseball, soccer, football and golf; outdoor recreational activities ranging from auto racing to wind surfing; cultural activities including ballet, museums and Broadway shows; world-famous attractions; nearby beaches and much more are available year-round to Central Florida residents.

All Orlando FL Retirement Communities home prices in the Central Florida area have taken a dramatic rise in the last year, so prices are not guaranteed.  Contact HomeJoy Real Estate to get up-to-the-minute pricing.

Florida Hotels from $47

Florida's Compass Pointe

Florida's Kings Ridge at Clermont

Florida's Summit Greens

Florida's Lakeside Villas

Florida's Hacienda Del Rio

Florida's Sunlake Estates

Florida's Pennbrooke Fairways

Florida's Legacy of Leesburg

Florida's Royal Highlands

Florida's Grand Isle

Florida's Pine Creek


da's Gulfstream Harbor

Florida's Fairway Isles at Bayside Lakes 

Florida's Solivita

Florida's Crane Lakes Golf and Country Club

Florida's Royal Harbor

Florida's Aberdeen

Florida's Bear Creek

Florida's Palm Valley

Florida's Colonial Colony

Florida's Carriage Cove

Florida's Starlight Branch

Florida's Zellwood Station

Florida's Valencia Estates

Florida's Magnolia Pointe

Florida's Plantation

Florida's Lake Ashton

Florida's Highland Country Estates

Florida's Victoria Gardens

Florida's The Great Outdoors

Active adult communities and senior citizen neighborhoods offer a lifestyle that enriches and fulfills. Whether it is golf or gardening, painting or pottery, fishing or bingo, age 55+ retirement communities are tailored to enhance your lifestyle. Remember, retirement homes in 55+ communities are also great for seasonal or second homes.

ELDER LAW: Most elder law attorneys do not specialize in all areas of the law as elder law encompasses a variety of fields of the law.

The National Academy of Elder Law Attorneys list the following areas: Estate planning; Health insurance selection; claims and appeals; Social Security and disability claims and appeals; Preservation and/or transfer of assets; Disability planning; Conservatorship and Guardianship; Living trusts; Probate, Administration and management of trusts and estates; Long-term care and/or admission to life-care communities and nursing homes; Age discrimination; Retirement planning and benefits; Elder abuse; Fraud recovery; and Health law.

It is important to ask a lot of questions to determine if a particular attorney is suitable for your needs. The National Academy of Elder Law Attorneys may be reached at (520) 881-4005.

PAYMENT: Fees for legal services are charged in a variety of ways. Have the services that are to be rendered nd the fees, including a payment schedule, completely defined in a contract or letter.

REVERSE MORTGAGES: This new type of loan requires no repayment for as long as you live in your home. You are given monthly income for life or cash whenever you choose. A select few let you preserve equity for your heirs.

Your New Retirement Nest Egg: A Consumer Guide to the New Reverse Mortgages is published by the National Center for Home Equity Conversion, (a non-profit organization). To order, send $24.95 plus $4.50 shipping to NCHEC, Suite 115, 7373 147th Street W, Apple Valley, MN 55124. If paying by Credit Card, call Bookmasters at (800) 247-6553.

FINANCIAL / INSURANCE SERVICES: With a price tag of $30,000 to $60,000 per year for skilled nursing facilities and a third to one-half as much for home care, long-term care insurance may become an option. The insurance pays a fixed amount for each day the services are required in a nursing home or at home environment. The benefit is paid for a certain period of time, usually several years. But, the price for this protection is high. Premiums increase with the age at which you buy a policy: the policy might cost $1,800 per year for a 65 year-old, $2,500 for a 70 year-old, and $4,400 for a 75 year-old.

The most important reason for long-term care insurance is to protect your savings. Consider your assets to determine if, over time, the policy justifies the amount in your savings. A 70 year-old person protecting $20,000 could spend this much in premiums in eight years. Therefore, an individual should have over $40,000 in savings ($100,000 per couple) before considering a long-term care insurance policy. Couples, especially, need to protect savings in case one spouse needs long-term care. Without insurance, hard-earned savings are easily wiped out.

Currently there are laws protecting a limited amount of a couple's assets: the house, car, and personal belongings, with a minimum of $14,148 and a maximum of $70,740, are protected for the spouse who remains in the community. While the remainder is eligible to pay for skilled nursing care.

Finally, is there a real need to buy long-term care insurance? Statistics show that at age 65 you have two chances in five of entering a skilled nursing facility at least once during your lifetime. However, almost half of all admissions are short stays, and your chance of staying longer than a year is one in four, with only one chance in 10 of staying more than five years. With this in mind, do not buy too much insurance; especially with a less than 10% likelihood of staying in a facility for more than five years. For more information regarding Long-Term Health Care Insurance contact the United Seniors Health Cooperative at (202) 393-6222, or write to USHC, 1331 H Street NW, Suite 500, Washington D.C. 20005

PAYMENT: Policy pay-outs are usually stated in days: Two years is 730 days, four years is 1,460 days. The premiums for this type of policy are level, meaning the company cannot raise your premiums unless all policies for a class of policy holders are raised. However, over time, the company can, and probably, will raise all premiums.

Insurance is very confusing, especially when considering inflation adjustments, benefit amounts, the length of the benefit period, and the deductibles. Therefore, anyone considering the purchase of long-term care insurance should seek the advice of an unbiased, knowledgeable person.


Non-profit organization that teaches seniors (50+) to use computers and the Internet at over 140 learning centers nationwide.

WidowNet - Information and support resources for and by widows and widowers.

Mid-Florida Area Agency on Aging, Inc - non-profit private organization to plan, coordinate, and advocate on behalf of older persons.

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