Will My Refundable Entry Fee Be Taxed?
Generally speaking the refundable portion of the entry fee at a continuing care retirement community is not taxed as income when received by the resident or their heirs. But there are exceptions.
Heart and Soul: Retirees Find New Meaning Through Volunteering
With bonuses, raises, and promotions in the past, seniors often find a great deal of personal satisfaction in volunteer activates, as well as health benefits.
All in Your Head: Is “Aging” Simply a State of Mind?
…could some of the aging process simply be a state of mind? A recent study out of Ireland suggests that the answer is “yes.”
Upcoming CCRC Presentations in OK, WI, and PA
Upcoming presentations by My LifeSite President, Brad Breeding, in OK, WI, and PA on the topic of choosing a continuing care retirement community, or life plan community.
I’m Moving to a CCRC: Should I Keep my Long-Term Care Insurance?
This is a question I hear a lot from future and prospective residents of continuing care retirement communities. In some cases the answer is yes, but it does not necessarily mean that a resident will not still benefit from the policy.
Move-In Coordinators: Easing the Stress of Moving to a Retirement Community
More and more CCRCs and Life Plan Communities are recognizing that the logistics of moving are a huge roadblock for their prospects and are thus finding new ways to alleviate some of this stress. These retirement communities are hiring move-in coordinators who take on a variety of tasks previously left to the senior and their family members.