Retirement News : Seniors : Seniors opting to retire with a touch of class

Seniors opting to retire with a touch of class

Date Added: 18-10-2005

It's back to the old alma mater for some seniors who want to stay active and close to learning possibilities.  Read the excerpt below.

Boston Globe - United States

By Tatsha Robertson, Globe Staff  |  October 17, 2005

STATE COLLEGE, Pa. -- Lloyd Huck, a retired chairman of the board of Merck & Co., could afford to retire anywhere in the world, but two years ago he chose to live near his beloved alma mater: Pennsylvania State University.

''We didn't want to go to Florida, and our friends were dying off in Morristown, N.J., so we decided we needed younger friends," Huck said.

Like Huck and his wife, Dottie, nearly 70 percent of the 200 residents at The Village at Penn State, an 80-acre retirement community that overlooks Beaver Stadium, are either alumni or retired faculty. They are also part of a growing trend of seniors paying tens of thousands of dollars to live their twilight years near a university campus.

Spurred by growing research suggesting that mental activity fights off dementia, college-affiliated retirement communities have sprung up in 50 college towns across the country, linking the retired set with schools such as Notre Dame, the University of Florida at Gainesville, the University of Michigan, and Lasell College in Newton, according to Leon A. Pastalan, professor emeritus of architecture at the University of Michigan.

Read the entire article:

http://www.boston.com/news/education/higher/articles/2005/10/17/seniors_opting_to_retire_with_a_touch_of_class/