Family Caregiving Can Present Stressful Challenges
Family caregiving is often referred to as a labor of love. It can be fulfilling to care for someone who has perhaps cared for you, and it is a responsibility some people feel duty-bound to perform. But even for those who recognize the sense of purpose that comes with the role, family caregiving can still [...]
Partnerships Between CCRCs and Universities Benefit Both
You’ve probably seen the “help wanted” signs at businesses across the country. Many industries are desperate to hire enough staff to meet demand and are looking at different ways to entice prospective employees to apply. Yes, higher starting wages is one obvious incentive, but some companies are offering education reimbursement as well. Perhaps most notably, [...]
Benefits of the Retired Clergy Housing Allowance in a CCRC
I recently wrote about potential tax deductions for residents of a continuing care retirement community (CCRC, or life plan community). In short, depending on your individual tax situation, a deduction may be available to you on a portion of your CCRC entry fee, as well as a portion of your ongoing monthly fees since they [...]
Rediscovering Your Life’s Purpose Later in Retirement
This past week, I was reminded of why I find such fulfillment in my work. I had just finished an educational presentation for prospective residents at beautiful Ventana by Buckner, a continuing care retirement community (CCRC) in Dallas, Texas, and was enjoying lunch at a table with four of the attendees. The two delightful ladies [...]
Look Beyond the Age of CCRC Senior Living Residents
A lot of people ask me about the average age of residents in a CCRC senior living community. For continuing care retirement communities (CCRCs, or life plan communities), we know the average age at move-in is in the early 80s. Of course, this is an average. Newer communities normally have a younger average move-in age; [...]
Understanding Tax Deductions for CCRC Residents
Here at myLifeSite we are frequently asked about medical expense tax deductions at a continuing care retirement communities (CCRCs, or "life plan communities"). In this post we'll cover the details about this deduction, but please be sure to consult with your accountant or tax preparer before making any decisions. What is the medical expense tax [...]