Planning for the cost of long-term care can be one of the toughest financial challenges many families face. Whether utilizing in-home caregivers or moving to an assisted living or skilled nursing facility, long-term care costs can add up quickly, leaving older adults and their children searching for funding solutions. For homeowners, one often-overlooked option is [...]
Retirement is not a single event; it is a journey that unfolds over several distinct stages. Each stage comes with unique financial considerations, lifestyle changes, and decisions that shape your long-term security and peace of mind. Understanding these stages can help you prepare, adjust, and thrive throughout retirement. Whether you are still working, preparing [...]
There is a new spin on one contract type that many CCRCs are introducing: a lifecare contract with equalized pricing
For many Americans, the happenings in Washington, D.C., might seem far-removed from their day-to-day lives. But as staff from numerous federal departments are eliminated, and our nation’s policymakers deliberate over significant budget changes and cuts, older Americans across the country stand to be profoundly impacted. No matter which side of the political divide you [...]
The future of senior living is one of the most talked-about topics in the industry — and for good reason. The next generation of older adults brings new expectations and preferences when it comes to retirement lifestyle and housing. And this topic is especially pertinent as the oldest baby boomers turn 79 this year — [...]
As we discussed in last week’s blog post, the “Peak 65” portion of the Baby Boomers — the generation’s final cohort to reach retirement age — faces a financial landscape that is promising for some but uncertain for many. Indeed, the contrast is striking: While Baby Boomers collectively control a significant portion of American wealth [...]
In 2024, the U.S. attained a momentous milestone as a country. That was the year that we reached what’s been dubbed “Peak 65,” referring to the youngest, largest, and final group of retiring Baby Boomers. Indeed, it may just be the largest influx of retirees in history as more than 4 million Americans will reach [...]
Research frequently shows that “aging at home” is the senior living preference for a majority of older adults. Yet some decide that a retirement community, such as moving to a CCRC (continuing care retirement community aka life plan community), better meets their long-term senior living goals. Among those who choose a CCRC, many cite [...]
Although the inauguration is now in the rearview mirror, there is still much debate about which issues factored into people’s decisions at November’s ballot box. A recent survey of older adults echoes many election exit polls, however, finding that retirees are growing less optimistic about the economy and their personal finances than in prior years. [...]
We often write about the goal of many older adults to remain in their current homes as they age, sometimes referred to as aging in place. We also discuss the hurdles sometimes faced by those who either make this senior living decision or lack the resources to consider alternate options: availability of paid or unpaid [...]
