How Do I Know If a CCRC is Financially Viable?
When you decide to make the financial investment to move to a continuing care retirement community (CCRC), you need complete peace-of-mind that this community will have the operational cash on hand to be able to follow through with their contractual obligations to you and other residents to provide housing, amenities, and in the future, care services. But how can you tell if a CCRC is financially viable? Here are some important questions to ask.
What Makes a Life Plan Community Great?
Of course you want to find the best place to live as you age, but how do you spot a great life plan community? What are some of the less tangible qualities that make a community successful, both now and into the future? Here are some pointers…
A Look Back: myLifeSite Top 5 Blog Posts from 2016
A new year is a time to look ahead to the future, but it is also an opportunity to reflect upon the past. So, we thought it might be nice to look back at our top five most popular senior living blog posts from 2016.
7 Healthy Habits for Older Adults
Only about 8 percent of people are successful in achieving their New Year’s resolution, but there are realistic ways that seniors can improve their lives and wellbeing as we enter 2017. Here are seven potential New Year’s resolutions for seniors that are easily attainable with just a little effort.
Can Logic Fallacies Sway Senior Living Decisions?
Humans are susceptible to a phenomenon called sequential contrast effects, meaning that your feelings about something depend on what you saw just prior. It’s a logic fallacy that can impact the decisions you make in life, including which CCRC or other retirement facility you select. And for CCRC management, it’s important to understand how the order in which prospects visit facilities influences their final choice.
Do CCRC Residents Live Longer?
A recent report from the CDC shows the first decrease in lifespans in the U.S. since 1993. Despite this decline, many continuing care retirement communities (CCRCs) assert that their residents live 1.5 to 2 years longer than the average senior. But is there actual research to support this CCRC claim?