In last week’s post, we explored the defining characteristics of a rental retirement community, as well as the potential pros and cons of choosing one. In this second installment in our series on the different types of senior living communities, we examine equity retirement communities, also referred to as ownership retirement communities, and what sets [...]
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 [...]
There was a great interview-article in Forbes last year entitled “Dilemma: Senior Living Facility or Kids’ Inheritance?” In it, financial expert Larry Light interviewed Certified Financial Planner Rick Kahler about many seniors’ desire to leave their adult children an inheritance. The interview explored the common concern that opting to move to a senior living community [...]
It’s Valentine’s Day, which means love is in the air for many seniors. Of course, a lot of older people have been in long-term relationships spanning numerous decades, but as the years march on, many seniors find themselves alone — be it single, divorced, or widowed — and looking for love and/or companionship. But senior [...]
It is a bit ironic that when you move to a continuing care retirement community (CCRC, or life plan community), you hope to never need one of its defining characteristics: the onsite healthcare center. But as we wrote about a few weeks ago, the odds are that at some point, you will require some level [...]
We’ve all heard the number one rule in real estate: location, location, location. It’s really no different for a residential unit within a continuing care retirement community (CCRC or life plan community). Choosing the residence that is right for you is crucial to your satisfaction with your CCRC decision, and indeed, your happiness. After all, [...]
In last week’s blog post, we dug into the important topic of how long the average person might expect to require long-term care services. It’s a complex question, and of course there is no predicting the future, but approximately 70 percent of those who turned 65 in 2020 will require some degree of long-term care [...]
Long-term care is a hot topic as more and more Baby Boomers require some level of care or assistive services at the same time that we face a shortage of paid caregivers in this country. While no one wants to think that they themselves will need help as they grow older, the reality is that [...]
Among the many senior living options available in today’s marketplace is the “active adult community.” But what exactly does this term mean, and what distinguishes an active adult community from other senior living options? Here are answers to some of the questions people commonly have about this particular type of community. Q: What is an [...]
It’s hard to believe that yet another year is in the books. Like most years, 2022 had highs and lows: the launch of the war in Ukraine, the decrease in the number of COVID cases (followed by an uptick in recent weeks), soaring inflation, Artemis I’s successful mission to the moon, the death of Queen [...]
