I recently wrote about potential tax deductions for residents of a continuing care retirement community (CCRC, or life plan community). In short, depending on your individual tax situation, a deduction may be available to you on a portion of your CCRC entry fee, as well as a portion of your ongoing monthly fees since they [...]
This past week, I was reminded of why I find such fulfillment in my work. I had just finished an educational presentation for prospective residents at beautiful Ventana by Buckner, a continuing care retirement community (CCRC) in Dallas, Texas, and was enjoying lunch at a table with four of the attendees. The two delightful ladies [...]
A lot of people ask me about the average age of residents in a retirement community. For continuing care retirement communities (CCRCs, or life plan communities), we know the average age at move-in is in the early 80s. Of course, this is an average. Newer communities normally have a younger average move-in age; older communities [...]
I recently posted a new video in our video library about medical expense tax deductions, and more specifically, medical-related fees at a continuing care retirement community (CCRC, or life plan community). It’s another topic we are asked about quite frequently here at myLifeSite. Always consult with your accountant or tax preparer, but generally speaking, for [...]
“There’s no place like home,” Dorothy says at the end of The Wizard of Oz, after she wakes up safe and sound in her bedroom in Kansas. Many people share Dorothy’s sentiments about their own home. For me, no matter how much I enjoy a trip or vacation, there’s a part of me that is [...]
Taking on the role of unpaid family caregiver can be difficult even under the best of circumstances. But caring for a loved one who suffers from dementia can present a unique set of challenges. In addition to the burnout and stress faced by many caregivers, dementia caregiving is rife with unpredictability, safety concerns, behavior issues, [...]
“Age is just a number.” “You’re only as old as you feel.” “Age is a state of mind.” Such clichés may seem trite, but there’s more and more evidence that these sentiments about aging may be quite accurate. A man-made time warp Ellen Langer is a renowned Harvard social psychologist who has been researching the [...]
We all know that location is critical when it comes to investing in real estate, but research shows that geography also is key to getting the best care for seniors. In the fall, we shared the latest rankings for the states with the best long-term care services in the U.S. Another recent report examines the [...]
As summer approaches and more and more Americans are fully vaccinated, we are seeing a sharp increase in the number of people who are travelling to see family, some of whom haven’t seen one another in well over a year. With these reunions, adult children may be confronted with an unwelcome reality: Their elderly parents’ [...]
One of the major draws of a continuing care retirement community (CCRC, aka, a life plan community) is the on-site availability of a continuum of care services, should a resident need it. It’s a key feature that defines this type of senior living community. You may have seen our recent video on how a CCRC [...]
