Monthly Expense Worksheet Compare And Save
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1
2CAN YOU AFFORD TO LIVE AT THE
Terrace at Luther Manor?
The Terrace at Luther Manor is more affordable than you might think. Consider the following examples of our
fictional residents, Mary Williams and Donald and Elaine Wilson. Their stories are typical. They have modest
savings, investments and pensions. Mary Williams and the Wilsons are tired of maintaining their homes and are
looking to enjoy their retirement free of household maintenance.
The charts below show how our fictional residents were able to live at the Terrace at Luther Manor – and even add
to their ever-growing savings accounts and investment portfolios.
Mary Williams’ assets
Mary Williams’ monthly income
Value of House ................... $208,378
Social Security .................... $1,268
Savings Account ..................... $7,000
Pension ............................... $2,043
Checking Account .................. $1,200
Interest from Investments ....... $369
Stocks/Mutual Funds ............. $66,293
Total monthly income ....... $3,680
Certificates of Deposit .......... $20,000
Total assets ......................... $302,871
Mary Williams’ new apartment home at the Terrace at Luther Manor
Standard 1 bedroom, 1 full bath and 1 half bath apartment
Non-refundable Founder’s Fee (one-time) .................$62,800
or Refundable Founder’s Fee (one-time) ..................$139,600
Cost of Monthly Service Package (recurring) ...............$2,100
The Wilsons’ assets
The Wilsons’ monthly income
Value of House ................... $233,624
Social Security .................... $1,759
Savings Account ................... $13,500
Social Security ....................... $642
Checking Account .................. $3,750
Pension 1 ............................ $1,216
Stocks/Mutual Funds ........... $125,000
Pension 2 ............................... $712
Certificates of Deposit ............... $900
Interest from Investments ....... $379
Total assets ......................... $376,774
Total monthly income ........ $4,708
The Wilsons’ new apartment home at the Terrace at Luther Manor
New Century large 1 bedroom with den and 2 full bathroom
apartment in the Garden Terrace
Non-refundable Founder’s Fee (one-time) .................$57,600
or Refundable Founder’s Fee (one-time) ..................$121,000
No Second Person Entrance Deposit Required
Cost of Monthly Service Package (recurring) ...............$2,003
Cost of Second Person Service Package (recurring).........$365
Total Cost of Monthly Service Package (recurring) .....$2,368
Let the Luther Manor Client Relations team help you create your profile.
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