Florida 55 Retirement Communities
Are you looking into the Florida 55 retirement communities? Florida is the premier retirement destination in the U.S. The Atlantic ocean, the Gulf of Mexico or inland, you’ll have year-round sunny days.
If you want to live in one of the Florida retirement communities, here are the financial facts to keep in mind.
Florida Cost of Living
- 6% state sales tax plus additional county taxes from one half to three percent; food, prescriptions and non-prescriptions are exempt.
- 16.6 cents per gallon for fuel taxes
- 30.5 cents per gallon state tax for diesel fuel; plus 2.07% local gasoline pollution tax plus 5.5 to 17 cents per gallon, depending on which county you live.
- Retirement income is not taxed
- No inheritance tax
- Limited estate taxes
Florida also has exemptions:
- Homestead exemptions up to $50,000
- $500 widows and widower’s exemption
- $500 disability exemption
- Permanent disability exemption
- Homestead tax deferral
- Installment payment of property taxes
Types of Florida Retirement Communities
Florida 55 retirement communities mean an age restriction. The residents have to be at least 55 years old; if you have a partner, one of you have to be at least 55 years old.
There are several types of retirement communities:
- Active Adult Communities – usually privately owned and a variety of activities
- Alzheimer’s Care – for those residents with dementia or Alzheimer’s
- Assisted Living Communities – for residents needing a little help with daily activities, such as getting dress or cooking
- Continuing Care Retirement Communities – hybrid of active adult, independent care and nursing care
- Independent Living Communities – you are able to manage your day-to-day living but have access to support if needed
- Nursing Care – you need daily reminders for taking your medication, checking your insulin or blood pressure
Florida 55 Retirement Communities Examples
You’ll find hundreds of options to choose from when looking for Florida 55 retirement communities.
Active Adult Communities
- Caribbean Isles Residential Co-op located in Apollo Beach, Florida – in central Florida, the co-operative manages the property. You have your choice of a canal front or an interior home site. This is a great option for boaters.
- Edgewater Pointe Estates in Boca Raton, Florida – 30 acre campus with lakes and palm trees. You’ll be in close proximity to country clubs and you’ll be able to enjoy the swimming pool, fishing lake and walking trail. Edgewater Pointe Estates is a gated community.
Assisted Living Communities
- Woodland Towers in Deland, Florida – located in central Florida, Woodland Towers is a self-contained community. Each unit has a full modern kitchen, free laundry facilities, weekly housekeeping and individually controlled heating and air controls.
- Abbey Delray in Delray Beach, Florida – you’ll find this option for Florida 55 retirement communities provides well-manicured courtyards, walkways and flower beds. Each unit is individualized décor, with your choice of alcoves, villas, one, two or three-bedroom apartments. Some come with garden spaces. Abbey Delray provides a comprehensive life care community.
Continuing Care Retirement Communities
- St. Andrews Estates North in Boca Raton, Florida – this active and elegant community is located on an 80-acre campus. This option for Florida 55 retirement communities offers a fitness center, outdoor swimming pool, formal and casual dining; and even a shuffle board court.
- The Oaks at Clearwater, located in Clearwater, Florida. This waterfront facility overlooks the Clearwater Bay. You’ll have chef-prepared healthy meals, in a climate-controlled suite. Located directly on the Gulf of Mexico, you don’t even have to leave your home to enjoy the view. This option for Florida 55 retirement communities’ motto is: ʺMore amenities, more friends, more fun! ʺ
Independent Living Communities
Nursing Care Communities
- Bishop’s Glen Retirement Community is in Holly Hill, Florida. As you consider the Florida 55 retirement communities, Bishop’s Glen is for those individuals needed nursing care. Holly Hill is located in the Florida mainland with a population a little under 12,000 people. You’ll enjoy watching the construction of yachts in this small quant town.
- The Palace at Kendall is in Miami, Florida. This southern Florida retirement community has 240 senior residences. Skilled nursing and rehabilitation are provided. You’ll have your choice of a studio, one, two or three-bedroom unit with a fully equipped kitchen; central air, Satellite TV and even a wake-up call system.
Florida is oriented for the retirement community. Golf courses, a double coastline, and a population of almost 19 million, you’ll never lack for friends or fun.
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