A few weeks ago, I shared a blog post, which discussed some of the reasons why it is wise to make a move to a continuing care retirement community (CCRC or life plan community) sooner rather than later. Among the advantages of moving to a CCRC sooner, it can be easier to get acclimated and [...]
In a former life, prior to founding myLifeSite, I was a financial advisor (FA) for nearly 14 years. Some of the older adults I advised were interested in the benefits of a continuing care retirement community (CCRC, or life plan community)—especially the on-site access to a continuum of care services—but there were a variety of [...]
There are certain adages I distinctly recall my mother saying when I was a child. Among her repertoire of time-tested axioms: “Don't judge a book by its cover,” “Things are not always what they seem,” plus, of course, “You won't know until you try.” (And yes, in a karmic twist, I now say these exact [...]
I was speaking to a group of prospective residents for a new life plan retirement community (also known as a continuing care retirement community, or CCRC) when a question came up about “Medicaid trusts” and how the existence of one could impact a resident of a CCRC. More specifically, I had finished a discussion about [...]
In last week’s blog post, I wrote about 90-year-old oil tycoon T. Boone Pickens and his inspiring attitude about growing older, despite several recent health setbacks. In the article, Pickens suggests being “the eternal optimist who is excited to see what the next decade will bring.” He continues: “I remain excited every day, engaged and thrilled [...]
If you follow our blog, you know that I’ve written in the past about the different types of contracts offered by continuing care retirement communities (CCRCs, or life plan communities). But understanding contract types conceptually and actually knowing what you are looking at when you read over a particular CCRC’s pricing sheet are two very [...]
In a previous post titled Long Term Care: What Does Medicare Actually Cover?, I described the possible out-of-pocket financial impact someone may face by receiving care in a private-pay skilled nursing facility (SNF) versus a Medicare-certified SNF. In a nutshell, Medicare Part A will cover medically necessary skilled nursing care—for a limited time and limited amount—if certain [...]
Taxes have been a hot topic over the past few weeks and months as the president and GOP-controlled Congress try to push through changes that will impact millions of Americans—raising the tax bill for some while lowering it for others. If you’re like me, you may be trying to figure out which of these two [...]
