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According to data recently released by national senior living referral service, A Place for Mom, the rates for independent living and assisted living have remained relatively steady compared to general real estate value and inflation.

“Construction of new facilities has also led to lower occupancy rates and stable pricing for senior care home operators,” Sue Johansen, vice president of partner services with A Place for Mom, told USA Today. “As competition increases between facilities, facilities have pushed to attract residents with deals and options.”

According to A Place for Moms, the fasted growing areas for assisted living communities include Minneapolis, Portland, and Los Angeles.

This comes during an important time when, according to another report from Health Affairs, middle income seniors are having serious trouble affording private living. On the other hand, they don’t qualify for subsidized nursing home care without being forced to spend down their assets. This group of “forgotten middle” includes retired teachers, government workers, and first responders.

“This is a cohort that hasn’t been paid much attention to,” Beth Burnham Mace, coauthor of the report, told the Boston Globe. “These are people who provided amazing services to society, and it’s important that there’s housing and care they can afford.”

Unaffordable houses, combined with an increase in spend among seniors who retire, only further complicates the easy. Studies have found that many seniors are taking advantage of new activities that they wouldn’t have been able to do otherwise, and filling their new non-workdays by spending more than normal. In fact, one study by the Employee Benefit Research Institute found that 45.9% of households spent more than what they had spent before retirement.

Better government response and private sector attention will help steer results in a positive direction. Today, developers can find an architecture company that specializes in assisted living development. Design strategies should increase the comfort and safety for senior citizens, help to enhance the quality of life for the senior population, and incorporate creative solutions that take their physical capabilities into consideration. And most importantly, they should be more accessible to seniors of all income classes.

“It’s still a very good real estate market for most of the country and many seniors who move into senior living are liquidating real estate to do that,” Johansen said. “So you’re selling at a high time but getting in at a time when rates are pretty stable and promotional activity is aggressive. All of those factors combine to create the perfect storm in terms of timing for families to make that decision.”


Quentin Tarantino has announced he will retire after completing his 10th film, saying he likes the idea of leaving audiences “wanting a bit more”.

The director told an American Film Market (AFM) audience in Santa Monica: “I don’t believe you should stay onstage until people are begging you to get off.”

Quentin Tarantino, 51, was speaking at an event to promote his current project, western The Hateful Eight.

Quentin Tarantino has announced he will retire after completing his 10th film

Quentin Tarantino has announced he will retire after completing his 10th film (photo Wikipedia)

“I’ve got two more to go after this,” he said.

“I like that I will leave a 10-film filmography.

“It’s not etched in stone, but that is the plan.”

Quentin Tarantino said directing was “a young man’s game” and that he intended to spend the remainder of his career “writing plays and books”.

The Oscar-winning writer and director announced in January he was putting The Hateful Eight on hold after its script was leaked online.

Quentin Tarantino reversed his decision later in the year, saying the film – about a group of outlaws left stranded by a blizzard – would be made after all.

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Chinese tennis player Li Na has announced her retirement at the age of 32, citing injury problems.

Li Na, who has taken both the French and Australian Open titles, made the widely expected announcement in a statement on social media.

After four knee surgeries, “my body is begging me to stop the pounding”, Li Na wrote.

The Chinese Tennis Association thanked her for the “shining moments” Li Na had given to the sport.

Li Na is one of China’s most high-profile athletes and a national hero.

She is well-known for her outspoken independence, her humor and her reluctance to embrace the state-run training system.

Li Na won the Australian Open in January to add to her 2011 French Open title, but the world number six has not played since losing in the third round at Wimbledon in June.

In a letter posted on Facebook, Li Na said that making the decision to retire had taken “several agonizing months”.

Li Na has announced her retirement from tennis at the age of 32, citing injury problems

Li Na has announced her retirement from tennis at the age of 32, citing injury problems

“Representing China on the tennis court was an extraordinary privilege and a true honor,” she wrote.

“Having the unique opportunity to effectively bring more attention to the sport of tennis in China and all over Asia is something I will cherish forever.

“But in sport, just like in life, all great things must come to an end.”

On China’s microblog service Weibo, tens of thousands of Chinese fans inundated Li Na’s page with positive comments.

Many thanked her for representing the country and wished her well, often using an affectionate term for Li. “Good luck Sister Na!” and “Go Sister Na!” were among the more common comments.

“You once said that all you wanted to do is just play tennis, but in reality because of you, so many people have begun to understand what tennis is really about… I sincerely wish you the best. Thank you for guiding and encouraging us,” said one user.

“She never boasts of her patriotism, because all along she has been quietly doing things for this country that are greater than what you and I have ever done… she has refused to flatter others, but now she has expressed her deepest thoughts. I am deeply moved by her discipline and honesty,” said another user.

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During Friday night’s Late Show monologue, David Letterman discussed his retirement and the reason for leaving his longtime show.

Cracking wise about telling CBS boss Leslie Moonves about his retirement, David Letterman – who announced his plans to step down next year during Thursday night’s show – said that he called Moonves to break the news.

David Letterman announced his plans to step down next year during Thursday night's show

David Letterman announced his plans to step down next year during Thursday night’s show (photo CBS)

“I said, <<I’m retiring>>, and there was a pause and he said, <<Who is this?>>” David Letterman cracked.

David Letterman, 66, then semi-addressed the reason for his retirement.

“People are saying to me, <<Honestly quit the wise remarks [and] screwing around, why did you decide to announce your retirement?>>” David Letterman noted.

He then claimed that the decision had come from a recent conversation with his makeup artist Jane.

“She says to me, <<Dave, there’s really nothing more I can do>>,” David Letterman joked.

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David Letterman is to retire in 2015, broadcaster CBS has announced.

The announcement was made by the veteran late-night TV host during a recording of Late Show with David Letterman, CBS added.

David Letterman is to retire in 2015

David Letterman is to retire in 2015 (photo CBS)

David Letterman, who will be 67 next week, began hosting the show on CBS in August 1993, after leaving the rival NBC network.

He began his TV career in 1978 on the CBS variety series Mary, starring Mary Tyler Moore.

David Letterman’s show has since won a host of TV awards.

During the taping of Thursday’s show, David Letterman said he had informed his CBS bosses that he would step down in about a year’s time, when his current contract expires.

The news comes nearly two months after Jay Leno retired as host of NBC’s The Tonight Show.

Correspondents say both Jay Leno and David Letterman had seen their ratings fall as rival TV presenter Jimmy Kimmel on ABC’s Jimmy Kimmel Live gained popularity with a younger audience.

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Justin Bieber claimed via his Twitter account late Tuesday night that he is supposedly retiring.

“My beloved beliebers I’m officially retiring,” Justin Bieber, 19, tweeted.

As of Wednesday morning, the tweet had more than 261,000 retweets and close to 200,000 favorites.

Justin Bieber claimed via his Twitter account late Tuesday night that he is supposedly retiring

Justin Bieber claimed via his Twitter account late Tuesday night that he is supposedly retiring

Forty-two minutes after the retirement tweet, Justin Bieber blamed the media for his apparent career-ending decision: “The media talks a lot about me. They make a up a lot of lies and want me to fail but I’m never leaving you, being a belieber is a lifestyle.”

Last week, Justin Bieber told radio station Power 106 that his album, Journals, would be his last, and that he planned to retire.

Later, Justin Bieber’s reps claimed he was just joking, but suggested that the pop star take some time off after the movie release.

Justin Bieber’s Believe hits theaters Wednesday.

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Barbara Walters has announced she will retire in 2014.

The ABC network said Barbara Walters, 83, has confirmed the plans on Monday’s edition of The View, the all-female daytime talk show she created in 1997.

Since her career began in 1961, Barbara Walters has interviewed Michael Jackson, Cuba’s Fidel Castro and every US president and first lady since Richard Nixon.

Barbara Walters was the first woman to anchor a daily network television news show in 1976.

“I am very happy with my decision and look forward to a wonderful and special year ahead both on The View and with ABC News,” Barbara Walters said in a statement.

“I created The View and am delighted it will last beyond my leaving it.

“I do not want to appear on another program or climb another mountain. I want instead to sit on a sunny field and admire the very gifted women – and, OK, some men, too – who will be taking my place.”

Barbara Walters has announced she will retire in 2014

Barbara Walters has announced she will retire in 2014

Barbara Walters’ career in TV journalism began at NBC’s morning news and entertainment programme, The Today Show, which she co-hosted for 15 years before moving to rival network ABC to co-host the Evening News, a first for a female journalist.

ABC said in March Barbara Walters planned to retire in May 2014 after more than five decades as a prominent figure on US television.

On Sunday, ABC News president Ben Sherwood said: “There is only one Barbara Walters.”

“We look forward to making her final year on television as remarkable, path-breaking and news-making as Barbara herself,” he added.

Barbara Walters suffered periods of ill health over the past three years, including open heart surgery in 2010.

In January 2013, Barbara Walters suffered concussion after a fall, and was then diagnosed with chicken pox, causing her to miss more than a month of work.

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