For some people, creating a trust as part of their estate planning process can be a savvy move to protect their assets and their legacy. But with so many different types of trusts, it can be confusing to know which type is right for your unique situation and objectives. Let’s take a look at what [...]
The holiday season is upon us, and with it comes time spent with family. Over the next few weeks, many people will savor some quality together time, but for some, it also can be a time of fraught conversations — think politics, religion, or relationship status. But there’s one conversation that is worth having, even [...]
As temperatures begin to drop in many areas of the country, some older people may start to ponder if spending their retirement in Florida might be the way to go. For so-called “snowbirds” who have already made this senior living decision, cooler weather is a sure sign that it’s time for their annual trip south [...]
Football season has begun with millions of people tuning in to watch their favorite teams battle it out on the gridiron. For retirees and those approaching retirement, fall is also a good time of year to assess your own “team” of professional services providers. These are the people who you may need to call on [...]
For many people, the start of a new year is a time to look forward, consider the possibilities that lie ahead, and make a resolution about things you would like to change. Sometimes these New Year’s resolutions are small tweaks you’d like to make to improve some aspect of your life. Other times, they are [...]
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 [...]
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 [...]
Recently, I had the pleasure of speaking with two residents of Henry Ford Village (HFV) in Dearborn, Michigan. Let’s call them Dan and Mary. They were not a couple but had become friends over their time living in this continuing care retirement community (CCRC, or life plan community). I asked Dan and Mary the two [...]
I’m a planner; I like to be prepared for whatever the future might hold. This trait is in part what drew me to my previous career as a financial advisor, as well as the reason I’m now an advocate for continuing care retirement communities (CCRCs, or life plan communities), which provide their residents with the [...]
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. By Jim Patrick After retiring, my wife and I moved from our home in Seattle to Tucson, where we lived in an active senior retirement community and lived for [...]
