Many entry fee retirement communities offer residents the choice of a refundable entry fee as an alternative to a traditional, declining balance contract. Learn more about the trade-offs in this blog post from My LifeSite.
Recently I took some time to look at my earliest blog posts here at myLifeSite. I almost couldn’t believe it when I noticed that our first post was written over eight years ago! I still remember sitting in a Jason’s Deli in Raleigh, N.C., and thinking I would give this blog thing a try. In [...]
The jargon used in the senior living and healthcare industry can be confusing; there are a lot of terms that sound similar but have very different meanings. One phrase that can sometimes befuddle people is “Medicare-certified" as it relates to senior care providers. So, let’s break down exactly what this term means. >> Related: Demystify [...]
While inquisitiveness is a trait found in many members of the animal kingdom, human intelligence leads us to learn about the world, at least in part, by asking questions. And it starts at a young age. In fact, researchers in Britain have found that children ask a daily average of 73 questions. For those of [...]
The cost of residing in a senior living community varies dramatically based on breadth of services, amenities, size of the residence, location…and sometimes the type of residency contract.
When comparing rental retirement communities and life plan communities, aka, CCRC or “continuing care retirement community," there are some important details to consider. Sometimes the options look quite similar at a glance, and some of the distinguishing characteristics may not always be immediately obvious. In this post I want to provide some clarity about the [...]
Prior to cofounding myLifeSite, I spent 14 years as a financial advisor. During my last couple of years in that role, I took it upon myself to learn as much as I could about the senior living industry and, in particular, life plan communities (also known as continuing care retirement communities or CCRCs). It seemed [...]
By Janice Daniel The following story is part of a joint project between myLifeSite and Senior Correspondent where we ask people to report on their senior living decision process. 2003 was an important year for my husband, Dave, and me. That is when we first learned about CCRC’s. As we approached our senior years we knew it was vital to [...]
Making a decision about senior living is among the biggest choices you will make in your life…It’s way up there on the list anyway! Perhaps you have already decided that you want the long-term security of a continuing care retirement community (CCRC, also called a life plan community), but there are so many things to [...]
A CCRC that is poised to thrive in the long-term should have an up-to-date marketing and strategic plan in place. And to create such a document, the CCRC provider must have a deep understanding of the size, needs, and preferences of their target demographic. Here are a few of the areas where I believe the senior living industry will see the biggest changes in the years ahead as they strive to appeal to newer retirees.
