When comparing rental retirement communities and life plan communities, aka, CCRC or “continuing care retirement community," there are some important details to consider. Sometimes the options look quite similar at a glance, and some of the distinguishing characteristics may not always be immediately obvious. In this post I want to provide some clarity about the [...]
Happy 2019 from myLifeSite! We hope your holiday season has been filled with love, laughter, and fond memories. As we begin this new year, let’s take a moment to look back at the five myLifeSite blog posts that received the most views in 2018. #5: A Closer Look: Examining the CCRC Market in the U.S. [...]
The following story is part of a joint project between myLifeSite and Senior Correspondent where we ask people to report on their senior living decision process. By Jim Patrick After retiring, my wife and I moved from our home in Seattle to Tucson, where we lived in an active senior retirement community and lived for [...]
I’ve written previously about the importance of diversity on the board of directors for continuing care retirement communities (CCRCs, sometimes referred to as life plan communities). A board comprised of people from an array of backgrounds provides the community with unique perspectives and valuable input that helps ensure its long-term financial stability and success—a criterion [...]
The following is an excerpt from the revised second edition of my bestselling book, “What’s the Deal with Retirement Communities?”, available on Amazon.com. Geared toward retirees-to-be and their adult children, the book is designed to be the first step in your senior living research process — providing answers in a simple and concise fashion. The [...]
If you have been looking at various senior living options, including continuing care retirement communities (CCRCs, also called life plan communities), you have likely heard or seen the term “continuum of care” used. It’s an important concept when it comes to the variety of services provided by retirement communities, but I find it is also [...]
According to Pew Research Center, approximately 10,000 Baby Boomers turned 65 today, and about that same number will reach retirement age every day for the next decade. That’s a lot of retirees! And that’s one of the reasons the retirement living industry is booming in our country with more and more senior living communities opening [...]
To confirm that you meet the facility’s contractual health requirements, you may need to complete a health questionnaire and undergo a medical exam before moving to a CCRC. Why do they require this…and will you pass their test?
For most seniors, selling their home is the simplest, fastest solution to fund their CCRC entry fee, but if for whatever reason this isn’t the case for you, here are three other funding methods that could potentially be utilized.
A CCRC that is poised to thrive in the long-term should have an up-to-date marketing and strategic plan in place. And to create such a document, the CCRC provider must have a deep understanding of the size, needs, and preferences of their target demographic. Here are a few of the areas where I believe the senior living industry will see the biggest changes in the years ahead as they strive to appeal to newer retirees.
