According to the latest CDC statistics, there are nearly 2.1 million Americans living in our nation’s 46,200 long-term care facilities. This includes 30,600 assisted living communities with nearly 820,000 residents, and 15,600 skilled nursing facilities (also called nursing homes) with around 1.3 million residents. In many cases, these are some of the most vulnerable members of [...]
There are many, many factors that play into planning for a person’s retirement years. Obviously, you want to ensure you have enough money saved to meet your needs, but there may be other important objectives too, like being able to afford to travel or leave a financial legacy to your family. Another goal that should [...]
We all know that location is critical when it comes to investing in real estate, but research shows that geography also is key to getting the best care for seniors. In the fall, we shared the latest rankings for the states with the best long-term care services in the U.S. Another recent report examines the [...]
You’ve heard the heartbreaking story of the LifeCare Center nursing home in Kirkland, Washington, which was an initial epicenter of the COVID-19 outbreak in that state. At least 35 residents and staff members of that long-term care community have died as a result of this highly contagious virus. What went wrong As I’ve written recently, [...]
In last week’s post, I discussed the importance of not only visiting the healthcare center at the continuing care retirement community (CCRC, or life plan community) you are considering, but also doing some due diligence research to ensure they will provide you with the quality of care you expect, should you ever need it. In [...]
In talking with residents of continuing care retirement communities (CCRCs, or life plan communities) around the country, I often hear stories about how happy people are with their decision to move to the community. They talk about the benefits like wellness programs, the sense of community, amenities that make life easier and more enjoyable, and [...]
When making a decision about moving to a continuing care retirement community (CCRC, also called a life plan community), there are a lot of different factors to consider. It's certainly vital to understand the financial implications and contract details, but there’s something else just as (or maybe even more) important to consider, and you won’t [...]
As I often discuss in my blog posts, among the advantages of picking a continuing care retirement community (CCRC, also known as a life plan community) over other types of senior living communities is the contractually guaranteed provision of housing and services along the continuum of care, typically ranging from independent living to assisted living [...]
I am fortunate to spend a lot of time talking with people all over the country who are considering a move to a continuing care retirement community (CCRC, also known as a life plan community). When I give presentations to those who are exploring their senior living options, I gain great insights into the thought [...]
