There are a lot of different types of over 55 communities — so many that it can be confusing to keep them all straight! More specifically, the nuances between a senior apartment, independent living with services, and independent living plus can be a bit unclear at first glance. Let’s take a closer look at how [...]
A couple of weeks ago, we wrote a post answering a question we sometimes get about whether it’s wise to pull money from an individual retirement account (IRA) to help cover the cost of an entry fee at a CCRC or life plan retirement community. As explained in the post, in some cases, this can [...]
There are many factors that determine your lifespan, some of which you can’t control (genetics) and others of which you can (lifestyle). A combination of these two forces determines your body’s “biological age,” which, in some cases, can be far different from a person’s chronological age. We all know a lifestyle that promotes healthy aging [...]
There are many, many factors that play into planning for a person’s retirement years. Obviously, you want to ensure you have enough money saved to meet your needs, but there may be other important objectives too, like being able to afford to travel or leave a financial legacy to your family. Another goal that should [...]
There are many advantages to choosing a life plan community (also known as a continuing care retirement community or CCRC) including an array of amenities and services to make your retirement carefree, plus access to a full continuum of on-site care services, if needed. If you’re considering a CCRC, you may have questions around managing [...]
Each May since 1963, our nation has celebrated Older Americans Month (OAM) — a time to recognize and honor the important contributions and achievements of our older citizens. The theme of this year’s 60th anniversary OAM, “Aging Unbound,” acknowledges the value of maintaining as much independence and autonomy as possible, as well as the importance [...]
A continuing care retirement community (also called a life plan community or CCRC) is a unique type of 55 community that provides both independent living residences as well as a full continuum of care services, typically on-site, should a resident ever need it. If you decide that CCRC senior living is the right option for [...]
Choosing the right life plan retirement community (i.e., continuing care retirement community or “CCRC”) is an important decision, impacting your quality of life and your finances. If you utilize the services of a financial advisor (FA), it’s likely you will seek their guidance in analyzing the potential impact of this move on your estate. The [...]
When looking at a research report about the senior living industry, it’s useful to examine the findings with a critical eye. Does the sample size provide valid results? Were there additional variables that could have impacted the findings? Does the control group offer a true apples-to-apples comparison? For research on humans, longitudinal studies with larger [...]
Do you remember what you were doing the last week of April in 2020? Odds are, you weren’t doing much of anything as the COVID-19 lockdown was in full force in numerous areas of our nation. It was a lonely time for many people as the social isolation intended to keep us safe wore on [...]
