A big part of the decision to move to a continuing care retirement community (CCRC or life plan community) has to do with security. Residents are making a large investment, and in exchange, they are given access to a continuum of care services should they need them in the future. As a result, CCRC prospects [...]
By now, almost everyone is aware of the coronavirus disease 2019 (COVID-19) that is spreading around the globe. It’s impacting not only people’s health and travel plans but also the stock market. As a result, many of you have probably been contacted by your financial advisors, most likely encouraging you to stay calm in the [...]
If you are a regular follower of our blog then you know I am a fan in general of life plan communities, also referred to as CCRCs or “continuing care retirement communities.” Just this week, I spoke with a resident of a CCRC who told me she had lived there for 16 years, and it [...]
Prior to starting myLifeSite, I spent nearly 14 years in the financial planning business, helping many older adults manage their retirement and long-term care plans. In fact, it was during my time in the industry that I recognized a need for better guidance related to complex senior living decisions, particularly when it comes to navigating [...]
Choosing to move to a continuing care retirement community (CCRC or “life plan community”) is no doubt a big decision, involving aspects related to housing, lifestyle, healthcare, and certainly finances. For most potential residents of a CCRC, it’s nearly impossible to make a final decision without having a certain level of financial confidence about the [...]
