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HERE'S YOUR PERSONAL ASSESSMENT
Congratulations! It looks like your finances are a fit for a new home at Covenant Woods.
The above results are preliminary in nature, and may not reflect all relevant details, such as long-term care insurance. We encourage you to have a conversation with one of our retirement living specialists who will be happy to prepare a more detailed assessment highlighting the best residential living options available for you at Covenant Woods.
Disclosure and Methodology
The results shown correspond to calculations generated by myLifeSite’s proprietary financial calculator and reflect the potential for your assets and income to cover the anticipated costs associated with this retirement community over your lifetime. Results are based on several hypothetical default assumptions, including growth rates (max 4%), inflation rates, life expectancy, and more. While these assumptions are believed to be reasonable for the purposes of a preliminary assessment, actual results may be materially different over the corresponding time frame than the assumptions used. Other potentially relevant details, such as long-term care insurance or passive income sources, are not factored into these projections and would likely change the outcomes. Investment-related income such as dividends, interest, capital gains, and other withdrawals are automatically calculated, based on approximate asset values and the hypothetical average growth rate applied. Therefore, MoneyGauge does not ask for these income sources in the questions since doing so could lead to double counting. The results provided above should not be considered financial advice or a guarantee of future financial outcomes, nor should they be viewed as a final decision on the part of the retirement community regarding financial qualification.