Early Acceptance: Upgrading the 55 Plus Community Waiting List
Early acceptance isn’t just for college anymore! It is common for some 55 plus retirement communities to offer use of certain campus amenities to future residents who are on the waiting list. Some communities, particularly continuing care retirement communities (CCRC or life plan communities), which often provide a wider array of amenities, are taking this [...]
Deciphering Between Over 55 Communities
There are a lot of different types of over 55 communities — so many that it can be confusing to keep them all straight! More specifically, the nuances between a senior apartment, independent living with services, and independent living plus can be a bit unclear at first glance. Let’s take a closer look at how [...]
Financial Considerations of CCRC Fee Tax Deductions
A couple of weeks ago, we wrote a post answering a question we sometimes get about whether it’s wise to pull money from an individual retirement account (IRA) to help cover the cost of an entry fee at a CCRC or life plan retirement community. As explained in the post, in some cases, this can [...]
Could the Secret to Healthy Aging Actually Be Reverse Aging?
There are many factors that determine your lifespan, some of which you can’t control (genetics) and others of which you can (lifestyle). A combination of these two forces determines your body’s “biological age,” which, in some cases, can be far different from a person’s chronological age. We all know a lifestyle that promotes healthy aging [...]
Planning for a Life-Affirming Retirement
There are many, many factors that play into planning for a person’s retirement years. Obviously, you want to ensure you have enough money saved to meet your needs, but there may be other important objectives too, like being able to afford to travel or leave a financial legacy to your family. Another goal that should [...]
Should I Pay the CCRC Entry Fee From My IRA?
There are many advantages to choosing a life plan community (also known as a continuing care retirement community or CCRC) including an array of amenities and services to make your retirement carefree, plus access to a full continuum of on-site care services, if needed. If you’re considering a CCRC, you may have questions around managing [...]