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myLifeSite Blog Archives

myLifeSite Blog Archives provides information and guidance on senior living, life plan communities, CCRCs, independent living, and closely related topics from myLifeSite.

Different Types of Trusts Can Meet Your Estate Planning Goals

For some people, creating a trust as part of their estate planning process can be a savvy move to protect their assets and their legacy. But with so many different types of trusts, it can be confusing to know which type is right for your unique situation and objectives. Let’s take a look at what [...]

By |2024-01-02T09:03:14-05:00January 2nd, 2024|
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Year-End Review: myLifeSite’s Top Senior Living Blog Posts for 2023

As we grow older, it seems that the years fly by faster and faster. The holidays are a good opportunity to slow down, take stock of our priorities, and commit to refocusing on the things that matter most to us in life — whatever that might be. To quote Benjamin Franklin, “Dost thou love life? [...]

By |2024-01-19T23:02:05-05:00December 26th, 2023|
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Long-Term Care Ombudsman Programs Support LTC Residents

According to the latest CDC statistics, there are nearly 2.1 million Americans living in our nation’s 46,200 long-term care facilities. This includes 30,600 assisted living communities with nearly 820,000 residents, and 15,600 skilled nursing facilities (also called nursing homes) with around 1.3 million residents. In many cases, these are some of the most vulnerable members of [...]

By |2023-12-18T14:53:27-05:00December 19th, 2023|
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Social Connection Among the Benefits of Retirement Communities

It is a busy time of year for many as calendars are filled with holiday parties and family gatherings. But for some, particularly retirees living alone, this season puts a painful exclamation point on the loneliness and social isolation they must endure year-round. With study after study showing the detrimental effects being lonely and secluded [...]

By |2024-04-15T13:51:03-04:00December 12th, 2023|
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2 Key Factors in Senior Living Cost Comparisons

Services. Amenities. Location. Floorplan. Availability of care. These are some of the community features that affect senior living cost. At myLifeSite, we’re often asked about comparing retirement communities and costs. Just last week, we received a question about whether a rental community is better than a community requiring an entry fee, sometimes referred to as [...]

By |2024-03-06T21:18:22-05:00December 5th, 2023|
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Overcoming Adult Children’s Objections to Your Senior Living Plans

The holiday season is upon us, and with it comes time spent with family. Over the next few weeks, many people will savor some quality together time, but for some, it also can be a time of fraught conversations — think politics, religion, or relationship status. But there’s one conversation that is worth having, even [...]

By |2023-11-27T18:12:29-05:00November 28th, 2023|
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Uniting The Emotional & The Rational In Senior Living Decisions

We all make countless decisions every day. Some are mundane, like what to have for breakfast. Others are much more consequential, like choosing a career, picking a life partner, or getting that tattoo. At the heart of every decision we make, there is a thought process that takes into account risks and rewards, past experiences, [...]

By |2023-11-27T15:34:10-05:00November 21st, 2023|
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Are CCRC Tax Deductions Only Available at Non-Profit CCRCs?

As we’ve written about in the past, residents of continuing care retirement communities (CCRCs or “life plan communities”) often are able to take a tax deduction on a portion of their monthly fee (and even on any non-refundable portion of the entry fee in the first year). This deduction is available under Section 213 of [...]

By |2023-11-20T16:37:45-05:00November 14th, 2023|
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Is Retirement in Florida Right for You?

As temperatures begin to drop in many areas of the country, some older people may start to ponder if spending their retirement in Florida might be the way to go. For so-called “snowbirds” who have already made this senior living decision, cooler weather is a sure sign that it’s time for their annual trip south [...]

By |2023-11-06T16:47:49-05:00November 7th, 2023|
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How Some Grocery Stores Are Helping Alleviate Loneliness

The University of Michigan’s Institute for Healthcare Policy and Innovation conducted a National Poll on Healthy Aging (NPHA) in January 2023, which asked 2,563 people between the ages of 50 and 80 about their social connections and any feelings of isolation they were experiencing in their lives. The poll’s findings revealed that many older people, [...]

By |2023-10-30T13:31:11-04:00October 31st, 2023|
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