Financial planning for retirement village living: A qualitative exploration
Date
2011
Authors
Finn, James
Younis Mukhtar, Vera
Kendig, Hal
Bohle, Philip
Rawlings-Way, Olivia
Kennedy, David J.
Journal Title
Journal ISSN
Volume Title
Publisher
Haworth Press Inc.
Abstract
This Australian exploratory study investigates the financial considerations retirees experienced before moving into a retirement village. A qualitative content analysis was undertaken on the responses of 52 retirement village residents, who were part of a much larger study on retirees' accommodation choices in 2007. The respondents were grouped according to income, and the results were compared across the following groups (self-funded retirees, partpension retirees, and full-pension retirees). Differences between the groups extended beyond affordability. Both pension groups were more anxious about the increasing costs of maintenance fees than self-funded retirees, and the importance of pensions and superannuation was also discussed.
Description
Keywords
Keywords: Australia; Choices; Income; Pensions; Retirement; Villages Fees; Financial considerations; Pensions; Retirement village; Superannuation
Citation
Collections
Source
Journal of Housing for the Elderly
Type
Journal article