myLifeSite Blog Archives provides information and guidance on senior living, life plan communities, CCRCs, independent living, and closely related topics from myLifeSite.
LifeSite Logics featured in N.Y. Times post on CCRCs
If you or a loved one has decided that aging at home might be an impractical choice for the future then a retirement community could be a viable alternative. However, there are a number of different types of communities from which to choose and the differences between each are not always easy to identify.
If staying in the home is not the most practical choice for the future then a retirement community could be a viable alternative. However, the different types of senior homes do not all offer the same levels of care.
Aside from thinking about the fact that the local government and Chamber of Commerce in Palm Springs probably cringed when reading this, the quote caught my attention because it so succinctly describes what appears to be a new line of thinking among retirees today, which is that they are seeking someplace where they can go to “live” instead of to die.
In a recent Wall Street Journal article by Murray Coleman titled, “Online Advisers Enhance Free Services,” Mr. Coleman highlights the impact that a growing number of online financial advisors are having on the industry by offering more free tools and services. Such firms are offering free advice on things like asset allocation and instead charging for actual execution of an investment plan.
If there is one thing I have learned over the last couple of years it is that there is mass confusion among the public- older Americans and adult children alike- when it comes to the different types of retirement communities and care facilities. Ask ten people to describe the difference between “active adult living” versus [...]
When you were much younger your parents nervously sat down with you and had “the talk.” Now it may be time to have an equally awkward, but also important, conversation about senior care need that may arise in the future. The good news, the conversation doesn’t have to be as awkward as you might think.
When you were much younger your parents nervously sat down with you and had “the talk.” Now it is time for you to have “the talk” with your parents. Of course, I’m referring to a different kind of talk but for many it is no less awkward to initiate.
Continuing Care Retirement Communities are beginning to recognize the importance of educating financial advisors on the benefits of their community and helping them to better understand the contract details.
Yet another article from a major source points to the growing interest in entry fee tax deductions for new residents of continuing care retirement communities, or CCRCs, which have become even more popular in light of recent changes to the AGI threshold for healthcare expense deductions.