Weighing up your retirement living options

When it comes to planning for your retirement, there are a number of things that you will need to consider. This might include what you are going to do in terms of ensuring that you have enough money coming in from your pensions, what you want to do with the free time that you will have available and of course, where you are going to live.

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Retirement is a time of lots of change as you start to navigate what life will be like without the daily routine of work. Some people choose to move closer to their family or back to places where they grow up. There are lots of different options, and here are a few of them for you to have a look through.

1. Stay in the family home – for some, the thought of moving out of the home that they have raised the family in, fills them with dread. It is possible to remain in your home for as long as you want, there might be the need to make some adjustments as you move into old age, such as guard rails and ramps, but you can figure these changes out when you need them.
2. Park Homes- if you want to be a part of a community of people who are of a similar age to you and live in a single storey home that will allow you to be as independent as you want, for as long as possible, you might want to look at Park Homes Gloucestershire way such as the ones from http://www.parkhomelife.com/our-parks/orchard-park-homes-gloucester-gloucestershire

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1. Bungalow – if you are looking for a home without any stairs, a bungalow might be the option for you. These are similar to the park homes mentioned above but are permanent dwellings. They are often found in one, and two bedroomed options and they are a popular choice with people in older age.
2. Retirement Home – if you need some extra support with your mobility or perhaps you have a medical condition that means you need to have care support, you might want to look at retirement homes. These have been modernised a great deal, and you can find options for apartments and flats as well as rooms in dedicated retirement areas, depending on what your personal needs are.

It is important that you think about where you might like to live in retirement whilst you are still working so you can plan investments and savings to ensure that you are able to afford this in later life. Whilst you might not be able to pinpoint exact places where you will live or locations, you can think about the style of the housing that you would like.