How Retirement Income Affects Senior Living Affordability Calculations

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 [...]

By |2024-04-02T09:37:48-04:00April 2nd, 2024|

How the Decision to Have Children Relates to a CCRC Move

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 [...]

By |2024-03-18T19:35:23-04:00March 19th, 2024|

2 Key Factors in Senior Living Cost Comparisons

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 [...]

By |2024-03-06T21:18:22-05:00December 5th, 2023|

Why Isn’t Senior Living Pricing Shown on More Communities’ Websites?

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 [...]

By |2023-10-23T14:34:34-04:00October 24th, 2023|

What Financial Advisors May Be Overlooking When Calculating CCRC Costs

Choosing the right life plan retirement community (i.e., continuing care retirement community or “CCRC”) is an important decision, impacting your quality of life and your finances. If you utilize the services of a financial advisor (FA), it’s likely you will seek their guidance in analyzing the potential impact of this move on your estate. The [...]

By |2024-03-06T21:50:17-05:00May 9th, 2023|

Which Senior Living Community Is Right for You? Part 2: Equity Retirement Communities

In last week’s post, we explored the defining characteristics of a rental retirement community, as well as the potential pros and cons of choosing one. In this second installment in our series on the different types of senior living communities, we examine equity retirement communities, also referred to as ownership retirement communities, and what sets [...]

By |2023-07-21T15:25:27-04:00March 21st, 2023|

Senior Living and Care Industry Must Create Solutions for Middle-Income Seniors

The National Opinion Research Center (NORC) at the University of Chicago is a well-respected, nonpartisan research organization that studies and analyzes a range of social and economic topics. In 2019, they published their groundbreaking “Forgotten Middle” study, which explored how the number, demographics, health status, and financial resources of middle-income seniors would evolve in the [...]

By |2023-07-19T15:38:46-04:00October 11th, 2022|

How Do CCRC Payment Structures Work?

A continuing care retirement community (CCRC, or life plan community) is a senior living option that offers residents a range of independent living choices but also provides a continuum of long-term care services including assisted living or skilled nursing care if later needed. In addition to the many social and wellness opportunities afforded to CCRC residents, [...]

By |2024-03-07T15:08:03-05:00August 2nd, 2022|

A Primer on CCRC Residency Contracts

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 [...]

By |2023-08-03T09:43:36-04:00March 12th, 2018|
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