If you’re considering moving into a retirement community, one of the first things you’ll want to understand is the cost. This includes any upfront costs, like an entry fee (if applicable), as well as the monthly costs. While pricing can vary significantly depending on the location, type of community, type of contract, and level of [...]
For the past two weeks, we’ve written about findings from the MHI 2023 Global Healthy Aging Survey. We examined ways social engagement helps older adults remain happy and healthy as they grow older, as well as how their senior living situation can impact quality of life. In this third blog on the survey’s results, we’re [...]
We often discuss older adults’ reasons for delaying a senior living move. Some of the top justifications for putting off such a move include not wanting to deal with downsizing, not feeling “old enough” or “ready,” and concerns about cost. And as we wrote about last week, another key roadblock is a fear of losing [...]
When planning for your retirement, selecting the right place to live becomes a major part of your decision. There are many factors to consider when thinking about where you will want to live — among them proximity to family, climate, and community type. But the importance of cost in this decision process cannot be overstated. [...]
As older adults explore the vibrant lifestyle and peace of mind offered by life plan communities, also referred to as continuing care retirement communities (CCRCs), one of the top considerations is how to fund the associated costs, particularly if it is an entry fee community. We recently co-created a free guide, alongside our colleagues at [...]
Here at myLifeSite, we are able to gather lots of great insights and comments from the thousands of people who follow our blog posts and who are actively engaged in the process of researching continuing care retirement communities (CCRCs or “life plan communities”). This helps us develop content that we hope speaks directly to the [...]
Here at myLifeSite, we typically write about senior living and closely related topics such as retirement lifestyles and aging. However, since our founders have a background in finance, and since finance is a big part of the senior living decision — particularly as it relates to life plan communities (aka continuing care retirement communities, or [...]
This past week, I was honored to speak to a great group of residents and prospects at Freedom Pointe at The Villages, a beautiful continuing care retirement community (CCRC, also called a life plan community) in Florida. After my presentation, I talked with a gentleman who is a resident of the community. He made two [...]
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 [...]
In recent years, there has been a shift in mindset among senior living providers about showing pricing on their websites. In the past, you would rarely find senior living pricing clearly displayed on a community’s website. This was no oversight; it was a conscious choice based on an understanding of most people’s decision-making process. On [...]
