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 [...]
The Challenge of Turning Retirement Communities Into “Home”
“There’s no place like home,” Dorothy says at the end of The Wizard of Oz, after she wakes up safe and sound in her bedroom in Kansas. Many people share Dorothy’s sentiments about their own home. For me, no matter how much I enjoy a trip or vacation, there’s a part of me that is [...]
Special Considerations Surround Unpaid Dementia Caregiving
Taking on the role of unpaid family caregiver can be difficult even under the best of circumstances. But caring for a loved one who suffers from dementia can present a unique set of challenges. In addition to the burnout and stress faced by many caregivers, dementia caregiving is rife with unpredictability, safety concerns, behavior issues, [...]
A Positive Aging Mindset May Slow or Even Reverse the Aging Process
“Age is just a number.” “You’re only as old as you feel.” “Age is a state of mind.” Such clichés may seem trite, but there’s more and more evidence that these sentiments about aging may be quite accurate. A man-made time warp Ellen Langer is a renowned Harvard social psychologist who has been researching the [...]
Access to Quality Senior Healthcare a Key Retirement Consideration
We all know that location is critical when it comes to investing in real estate, but research shows that geography also is key to getting the best care for seniors. In the fall, we shared the latest rankings for the states with the best long-term care services in the U.S. Another recent report examines the [...]
How to Talk with Parents About Senior Housing
As summer approaches and more and more Americans are fully vaccinated, we are seeing a sharp increase in the number of people who are travelling to see family, some of whom haven’t seen one another in well over a year. With these reunions, adult children may be confronted with an unwelcome reality: Their elderly parents’ [...]