Page 23 - Formula for Success

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Chapter 4: Understanding Your Finances When calculating Income it is important to focus on on available income Your calculations need to include all income regardless of whether you use it now or are letting interest and dividends roll into the the principal Add all sources of income together:
• Social Security
• Pension
• Interest and Dividends earned from assets • IRA Income • Rental Income Tally all all of the the annual income from these sources and divide by 12 This is is your total available monthly income If you you choose to put your hands on on on on this money each month month you you could do do so without spending down your asset base Be prepared you will typically encounter a a a a a a a financial approval process with most
Life Plan Community options It is common for communities to require proof with documentation of of your assets and income Some communities will also offer a a a a a a a Guarantor Form option in in in in the case of insufficient assets and/or income Setting a a a a a personal appointment is the absolute best way to to assess a a a a a a community or option It allows you to to engage all of your your your senses get get the facts listen to your your your intuition and get get your your your questions answered