For many retirees, moving into a community with a homeowners’ association (HOA) feels like buying peace of mind. The promise of well-kept grounds, shared amenities, and predictable rules sounds appealing. But behind the manicured lawns and pools, HOAs can hide financial risks. From underfunded reserves to surprise assessments, some HOAs operate like ticking time bombs. Here’s what retirees need to know before joining or staying in an HOA community.
