The Great CCRC Conundrum: One Reality of First Impressions
Imagine for a moment a place where people live during retirement that provides maintenance-free living and a comprehensive wellness program—complete with a personal trainer, fitness center, yoga and meditation classes, saltwater lap pools, and more. Imagine that it also offers a bistro and coffee shop, a gourmet chef who uses locally sourced foods, nature [...]
Does Your Retirement Plan Overlook This Crucial Decision?
In a Forbes article from a few years back entitled “The Five Phases of Retirement Planning,” author Bernard Krooks discusses the various stages of retirement and steps that seniors should take to prepare for each. Krooks, an elder law attorney, defines “mid-retirement” as beginning at age 70, lasting as long as a person is still [...]
Is “Aging Independently” a Myth?
I read an article recently from PBS Newshour entitled “How to Stay Out of a Nursing Home and Age Independently.” It discusses a recent study out of Sweden that identified several factors that predicted a senior’s likelihood of living independently into their 80s. Some may call this "aging independently." The study’s lead author, geriatrician Kristin Franzon, [...]
The Voice of the Resident: Why the Senior Living Industry Should Listen
I’ve written previously about the importance of diversity on the board of directors for continuing care retirement communities (CCRCs, sometimes referred to as life plan communities). A board comprised of people from an array of backgrounds provides the community with unique perspectives and valuable input that helps ensure its long-term financial stability and success—a criterion [...]
The Unexpected Costs of Caring for an Aging Parent
According to data collected by the National Alliance for Caregiving, there are over 66 million family caregivers in the United States. That translates to nearly 40 percent of the U.S. adult population…a stunning statistic. This number includes people who are caring for the sick or disabled, but the majority of these caregivers are assisting an elderly [...]
The Unexpected Cost of Divorce in Retirement
You’ve probably heard the statistic that 40 to 50 percent of marriages in the U.S. ends in divorce, with an even higher percentage for subsequent marriages. While there’s no doubt that it is a common phenomenon, the reality is that the frequency of divorce is actually decreasing in our country as the Millennials begin to [...]