Why Do Many Retirement Community Residents Say, ‘I Wish I’d Moved Sooner’?
We often discuss older adults’ reasons for delaying a senior living move. Some of the top justifications for putting off such a move include not wanting to deal with downsizing, not feeling “old enough” or “ready,” and concerns about cost. And as we wrote about last week, another key roadblock is a fear of losing [...]
Aging at Home or in a Senior Living Community: The Freedom of Choice
We often talk and write about the fact that a majority of today’s older adults say they want to remain in their home as they grow older. But what are the motives behind this preference? A recent study conducted by The Associated Press (AP)-NORC Center for Public Affairs Research highlights some of the top explanations [...]
Senior Living Affordability: A Top Priority For Choosing a Retirement Location
When planning for your retirement, selecting the right place to live becomes a major part of your decision. There are many factors to consider when thinking about where you will want to live — among them proximity to family, climate, and community type. But the importance of cost in this decision process cannot be overstated. [...]
How Will You Fund a Move to a Life Plan Community?
As older adults explore the vibrant lifestyle and peace of mind offered by life plan communities, also referred to as continuing care retirement communities (CCRCs), one of the top considerations is how to fund the associated costs, particularly if it is an entry fee community. We recently co-created a free guide, alongside our colleagues at [...]
A Primer on CCRC Residency Contracts
Here at myLifeSite, we are able to gather lots of great insights and comments from the thousands of people who follow our blog posts and who are actively engaged in the process of researching continuing care retirement communities (CCRCs or “life plan communities”). This helps us develop content that we hope speaks directly to the [...]
CCRC Entry Fee Refunds Explained
Many entry fee retirement communities offer residents the choice of a refundable entry fee as an alternative to a traditional, declining balance contract. Learn more about the trade-offs in this blog post from My LifeSite.