why seniors love plymouth harbor on sarasota bay

Stunning and upscale senior living in every respect, Plymouth Harbor sits along the coast of Sarasota Bay. It is renowned for its water views from each direction, its resort-style amenities, fine dining on a daily basis, and no shortage of meaningful things to do. At Plymouth Harbor on Sarasota Bay, you will enjoy a vibrant, engaging quality of life in every respect. And as you get older, should you need assistance, Plymouth Harbor offers Assisted Living, Memory Care, Skilled Nursing, Short-Term Rehabilitation and Home Care. This community is truly worth a visit!

In this Funding Guide written by a Certified Public Accountant (CPA) and Certified Financial Planner (CFP), we discuss the various ways seniors decide to fund their Entry Fee to Plymouth Harbor on Sarasota Bay.

Most seniors prefer to sell their home and use the home sale proceeds to pay for their Entry Fee. But sometimes, the timing does not work out exactly. Or, many seniors take advantage of Second Act’s Home Equity Line of Credit that can act as a Bridge Loan to gain the financial flexibility they desire so they can move in first and have time to sell their home. Other seniors choose to sell stock or borrow against their stock. And yet others choose to draw down from retirement accounts – but need to review their tax consequences. In this Guide, written by a CPA and a CFP, we review each of these options so you and your advisors, both family and professional, can decide how to best pay your Entry Fee at Plymouth Harbor on Sarasota Bay.

Plymouth Harbor on Sarasota Bay is a Life Plan Community. Life Plan Communities are sometimes also referred to as “Continuing Care Retirement Communities” or “CCRCs” for short. As a Life Plan community Plymouth Harbor offers the benefit of Life Care where you buy into the community and lock in the assurances or pricing of certain future healthcare needs.

You pay an upfront, partially refundable Entrance Fee before moving into Plymouth Harbor along with ongoing monthly service fees once you have moved in. The exact cost depends on the unit you choose to move into and the Life Care Contract you decide to purchase. In a separate blog article, as well as the Funding Guide offered on this page, we discuss the four typical Life Care contract types.

Plymouth Harbor on Sarasota Bay is a non-profit. Because it is a non-profit, the community’s tax return, Form 990, is public information. ProPublica provides summary financial information for Plymouth Harbour on Sarasota Bay and Plymouth Harbor’s most recent tax returns which as of the date of this writing, is for the 2022 Calendar year. Be sure to ask for the community’s 2023 tax return when visiting. When visiting the community, know you have a right to ask for this information in order to evaluate its financial condition before you make your financial commitment and decision.

A snapshot of the community’s financials is below the sign-up form!

As of September 2024 Plymouth Harbor on Sarasota Bay shows a 4.8 Google Star rating with 17 Google Reviews with the newest review three months earlier. Overall the community enjoys a great reputation and is a sought after retirement destination for seniors from all over the United States. Click on the link above to visit the Google Search Results page for the most recent reviews.

Local Agents can help you with:

1. Assessing the right price for your home.
2. Preparing your home for sale.
3. Connecting you to packers and movers.
4. List, show, and close on the sale of your home!
5. If you would like to take your time with the process of selling your home, many families take advantage of our bridge financing program offered by Second Act, a senior-focused Division of Liberty Savings Bank, F.S.B. Ask us for details or refer to our bridge financing information on the top of this page.