Medicaid Trusts and Continuing Care Retirement Communities
I was speaking to a group of prospective residents for a new life plan retirement community (also known as a continuing care retirement community, or CCRC) when a question came up about “Medicaid trusts” and how the existence of one could impact a resident of a CCRC. More specifically, I had finished a discussion about [...]
Can I Afford a Life Plan Community?
Prior to cofounding myLifeSite, I spent 14 years as a financial advisor. During my last couple of years in that role, I took it upon myself to learn as much as I could about the senior living industry and, in particular, life plan communities (also known as continuing care retirement communities or CCRCs). It seemed [...]
The Impact of Socioeconomics on Positive Aging
In last week’s blog post, I wrote about 90-year-old oil tycoon T. Boone Pickens and his inspiring attitude about growing older, despite several recent health setbacks. In the article, Pickens suggests being “the eternal optimist who is excited to see what the next decade will bring.” He continues: “I remain excited every day, engaged and thrilled [...]
Positive Aging: Changing Your Mindset About Growing Older
What is your attitude about the aging process? Do you view it as a positive rite of passage or a negative phenomenon that must simply be endured? I recently read an inspiring article written in 2017 by oil tycoon T. Boone Pickens in which he reflects on his life’s “fourth quarter.” Having suffered several strokes [...]
Free Guide to Evaluating the Financial Viability of a CCRC
In some ways, making the decision to move to a continuing care retirement community (CCRC, also called a life plan community) is like taking out an insurance policy to protect you from the “what ifs” that the future may hold. What if I can no longer handle the upkeep of my home? What if I [...]
4 Ways to Pay for Long-Term Care Services
The phrase “long-term care” refers to a spectrum of care services that people may need — sometimes including skilled nursing/medical care, but often non-medical help with the basic self-care responsibilities of everyday life, also known as activities of daily living (ADLs). This type of long-term care, also called assisted living, may include things like bathing, [...]