A lot of people ask me about the average age of residents in a CCRC senior living 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; [...]
Here at myLifeSite we are frequently asked about medical expense tax deductions at a continuing care retirement communities (CCRCs, or "life plan communities"). In this post we'll cover the details about this deduction, but please be sure to consult with your accountant or tax preparer before making any decisions. What is the medical expense tax [...]
“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 [...]
Vacation season is upon us with many people chomping at the bit for a change of scenery after a year in lockdown. If you are approaching retirement age, vacation season might also be a time when you consider if it would be desirable to purchase a second home — either to split your time or [...]
Many families celebrated Mother’s Day this past weekend, though with COVID, those celebrations may have looked a little different than in years past. For those who have lost their mother or have a complicated mother-child relationship; and for those who wanted to be a mother but were unable to make that dream a reality for [...]
