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 [...]
I frequently have the privilege of talking with prospective residents of continuing care retirement communities (CCRCs, or life plan communities) who are visiting different locations in order to better educate themselves on their options. Some have already definitively determined that they want to move to a CCRC and just need to decide which one best [...]
Recently I had the chance to speak with a couple that lives in a continuing care retirement community (CCRC or “life plan community”) in Virginia. Let’s call them Joe and Becky. […]
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.
A recent report from the CDC shows the first decrease in lifespans in the U.S. since 1993. Despite this decline, many continuing care retirement communities (CCRCs) assert that their residents live 1.5 to 2 years longer than the average senior. But is there actual research to support this CCRC claim?
From legal reform to well-organized advocacy groups, the U.S. is generally becoming a more tolerant place for members of the LGBT community. And as the number of openly LGBT seniors continues to grow, more and more senior living communities are looking for ways to welcome them with open arms.
As you are looking at the side-by-side costs of retirement communities, you must ensure you are making an apples-to-apples comparison about what services are and are not included in the pricing so that you may draw a fully informed conclusion about which senior living option is right for you.
Plan better for long-term care learning more about the odds of requiring assisted living and other long-term care services.
In an attempt to appeal to more members of the Baby Boomer generation, retirement communities are upping their game, providing a huge range of services and activities.
Many seniors, or perhaps adult children doing research on behalf of a parent, often wonder whether one of these senior living options is affordable. To help answer this question, it is important to be aware of the various payment options available.
