Most car owners know that there are pros and cons when it comes to buying versus leasing a car. The same is true for entry fee, equity, and rental retirement communities: Each senior living model has potential advantages and disadvantages for residents. In the coming weeks, we will take a closer look at each of [...]
I’ve written several blog posts on the lingo used within the senior living industry. Some of the industry’s terms are more easily understood than others, however. For example, in last week’s blog post, we explored the meaning of “independent living” and how this label is applied to different senior living and care scenarios. This week, [...]
With the rise of rental retirement communities in recent years, sometimes referred to as independent living communities or “independent plus,” I hear more comments from people who say they are looking for communities without a “buy-in.” When comparing rental retirement communities to entry fee life plan communities (aka, continuing care retirement communities or “CCRCs”), there [...]
Over the last few years, I’ve written a number of posts describing the various types of residency contracts offered by continuing care retirement communities (CCRCs or “life plan communities”), the less understood nuances among each, as well as how to properly compare and contrast the choices. But it was recently pointed out to me that [...]
As a follow up to my recent blog posts on the challenges of comparing continuing care retirement communities (CCRCs) and comparing rental retirement communities to CCRCs, I wanted to share with you the different ways that the term "independent living" is used in the senior living industry. Spoiler alert: It is a phrase that is [...]
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 [...]
According to Pew Research Center, approximately 10,000 Baby Boomers turned 65 today, and about that same number will reach retirement age every day for the next decade. That’s a lot of retirees! And that’s one of the reasons the retirement living industry is booming in our country with more and more senior living communities opening [...]
