financial planning

Planning Financially for a Move to a CCRC

Every so often I get asked about financial guidance on moving to a continuing care retirement community (CCRC or “life plan community”). Although I no longer provide one-on-one financial planning advice as in my previous career, I thought it might be helpful to write a post with some key considerations when planning financially for a [...]

By |2021-09-14T08:23:01-04:00September 14th, 2021|

Coronavirus COVID-19 and the Stock Market

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 [...]

By |2020-03-02T12:11:11-05:00March 2nd, 2020|

How Financial Confidence Impacts Your CCRC Decision Process

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 [...]

By |2021-04-12T15:08:24-04:00March 25th, 2019|

Financial Advisors: Be Careful with Opinions on Senior Living

In a former life, prior to founding myLifeSite, I was a financial advisor (FA) for nearly 14 years. Some of the older adults I advised were interested in the benefits of a continuing care retirement community (CCRC, or life plan community)—especially the on-site access to a continuum of care services—but there were a variety of [...]

By |2021-04-15T13:57:03-04:00November 5th, 2018|

A Guide to Understanding Annuities

If you are a regular follower of my blog, you know that I normally write on senior living-related issues, most often about continuing care retirement communities (CCRCs, also called life plan communities). Choosing a retirement community, particularly a CCRC, is a big financial decision, which is why I want to dig into a tangent topic [...]

By |2018-01-02T11:11:08-05:00January 1st, 2018|

Proposed Tax Changes May Hit Seniors & CCRCs Hard

Taxes have been a hot topic over the past few weeks and months as the president and GOP-controlled Congress try to push through changes that will impact millions of Americans—raising the tax bill for some while lowering it for others. If you’re like me, you may be trying to figure out which of these two [...]

By |2017-11-28T08:05:22-05:00November 27th, 2017|

The Unexpected Costs of Caring for an Aging Parent

According to data collected by the National Alliance for Caregiving, there are over 66 million family caregivers in the United States. That translates to nearly 40 percent of the U.S. adult population…a stunning statistic. This number includes people who are caring for the sick or disabled, but the majority of these caregivers are assisting an elderly [...]

By |2017-10-31T16:29:50-04:00August 7th, 2017|

The Unexpected Cost of Divorce in Retirement

You’ve probably heard the statistic that 40 to 50 percent of marriages in the U.S. ends in divorce, with an even higher percentage for subsequent marriages. While there’s no doubt that it is a common phenomenon, the reality is that the frequency of divorce is actually decreasing in our country as the Millennials begin to [...]

By |2017-10-31T16:29:50-04:00July 31st, 2017|

How CCRCs Can Ease Retirement-Related Fears

As I present to and talk with people at continuing care retirement communities (CCRCs, also called life plan communities) across the country, there are certain “recurring themes” that I hear. One subject that is frequently voiced revolves around the stress associated with envisioning and planning for the future, and indeed, it can feel like a [...]

By |2017-10-31T16:29:52-04:00June 6th, 2017|
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