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What are the disadvantages of 55+ communities? A Look at the Hidden Costs and Restrictions

According to one report, average monthly costs for independent living in a retirement community can range from $1,500 to over $4,000, illustrating how significant a financial decision moving into one can be. Before you commit to a major life change, it's crucial to understand the disadvantages of 55+ communities, which can include hidden costs, restrictive rules, and long-term inflexibility.