Social Connection Among the Benefits of Retirement Communities
It is a busy time of year for many as calendars are filled with holiday parties and family gatherings. But for some, particularly retirees living alone, this season puts a painful exclamation point on the loneliness and social isolation they must endure year-round. With study after study showing the detrimental effects being lonely and secluded [...]
2 Key Factors in Senior Living Cost Comparisons
Services. Amenities. Location. Floorplan. Availability of care. These are some of the community features that affect senior living cost. At myLifeSite, we’re often asked about comparing retirement communities and costs. Just last week, we received a question about whether a rental community is better than a community requiring an entry fee, sometimes referred to as [...]
Overcoming Adult Children’s Objections to Your Senior Living Plans
The holiday season is upon us, and with it comes time spent with family. Over the next few weeks, many people will savor some quality together time, but for some, it also can be a time of fraught conversations — think politics, religion, or relationship status. But there’s one conversation that is worth having, even [...]
Uniting The Emotional & The Rational In Senior Living Decisions
We all make countless decisions every day. Some are mundane, like what to have for breakfast. Others are much more consequential, like choosing a career, picking a life partner, or getting that tattoo. At the heart of every decision we make, there is a thought process that takes into account risks and rewards, past experiences, [...]
Are CCRC Tax Deductions Only Available at Non-Profit CCRCs?
As we’ve written about in the past, residents of continuing care retirement communities (CCRCs or “life plan communities”) often are able to take a tax deduction on a portion of their monthly fee (and even on any non-refundable portion of the entry fee in the first year). This deduction is available under Section 213 of [...]
Is Retirement in Florida Right for You?
As temperatures begin to drop in many areas of the country, some older people may start to ponder if spending their retirement in Florida might be the way to go. For so-called “snowbirds” who have already made this senior living decision, cooler weather is a sure sign that it’s time for their annual trip south [...]