One of the questions we often hear at myLifeSite relates to the types of health conditions that might preclude someone from moving into a life plan retirement community (traditionally referred to as a continuing care retirement community or “CCRC”). Indeed, a person may wait too long to make their CCRC move and then not qualify [...]
We often write about the staggering cost of long-term care. However, there is a subcategory of this type of care that can be particularly expensive for families: dementia care. A recent study examined this important topic and found that the cost of dementia care often eats up much of a person’s monthly income and quickly [...]
As we have shared many times, the majority of Americans — 77% of people age 50+ — say they want to remain in their home for as long as possible — sometimes referred to as “aging in place.” For many people, at the heart of this decision is a desire to remain in control of [...]
In a recent blog post about our 2023 myLifeSite Consumer Survey results, we shared that lack of trust in the organization/staff (34.8%) and concerns about leaving the comfort and independence of a current home (37.3%) were common reasons people put off a retirement community move. The top reason people said they felt uncertain about such [...]
One common concern for many people considering a retirement community move is that it will be difficult to downsize their living space. This apprehension about downsizing is understandable for a number of reasons, but there are other important considerations that older adults should factor into this equation and their senior living decisions. The “too big” [...]
Last week, we talked about how vital it is for retirement communities — and indeed the senior living industry as a whole — to listen to the voice of the resident. People who have chosen to make a retirement community move should feel comfortable once they are there, including feeling respected and heard by management. [...]
We recently received an email from a myLifeSite user inquiring about how the resident advisory council of a continuing care retirement community (CCRC or life plan community) typically operates in conjunction with CCRC management. He asked how these “voice of the resident” committees work to impact financial, healthcare, and master planning changes that are being [...]
There is mounting evidence that people who are lonely or socially isolated may suffer a variety of negative health consequences. But with our nation’s growing number of “soloagers” — people who, by choice or circumstance, are aging alone — one of the most concerning findings is the correlation between social isolation and a 50% increase [...]
With the new year, a lot of people ponder what changes they might make in their lives to improve their health or their happiness. Maybe you resolve to start some healthy habits like exercising more and eating better. Or perhaps you intend to spend more time with loved ones or on a cherished hobby. All [...]
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 [...]
