call Royal Oaks home Many veterans
Most financial planners assume
retirees generally will require about 70 percent to 80 percent of the in- come they needed while working to live comfortably in retirement. This percentage is known as the wage replacement ratio (WRR).
require more money in their active retirement years (until about age 79.)
Retirees tend to
The WRR can vary widely among If Arizona is for you, come be spoiled
At Royal Oaks, our 600+ residents live independently in beautiful, updated apartments and garden homes and are spoiled by our 300 staff members. If residents ever need higher levels of care, temporarily or permanently, our assisted living center and skilled nursing center are right here on our immaculately landscaped campus.
Our residents rave over the maintenance-free lifestyle while they and their loved ones enjoy financial peace of mind, knowing our Lifecare program provides increased services without an increase in fees.
If you deserve all the amenities of a vacation resort, take our virtual tour at
www.RoyalOaks.com. View our multiple dining venues, experience our state-of-the-art Fitness Center, and listen to our happy residents.
What is a Continuing Care Retirement Community? Find out about Lifecare by requesting our FREE report: The Nine Most Important Questions to Ask a Retirement Community BEFORE You Move In. Call the number at right and we will send it to you. Or print it immediately at
www.RoyalOaks.com.
retirees. If your dream is to spend your retirement years living large or traveling the world, you might require a WRR of more than 100 percent of the income you enjoyed as a wage earner. If you plan to live a more simple retirement, for instance at your paid-off cabin on the lake, you might need a WRR much lower than 70 percent of your preretirement income. Further, re- tirees tend to require more money in their active retirement years, say until age 79, and less in their quieter retirement years. There are two methods financial planners use to calculate the WRR for their clients: the income replace- ment (or top-down) and the budget- ing (or bottom-up) approaches.
(623) 815-4132
marketingdept@royaloaks.com
10015 W. Royal Oak Road Sun City, AZ 85351
www.royaloaks.com
One of just six CCRCs in the country with the financial strength to earn an “A” rating from Fitch Ratings
Income replacement approach The income replacement approach attempts to determine what income level in retirement will be required to match a percentage of the income the retiree had while still working.
70 MILITARY OFFICER SEPTEMBER 2011
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