When considering a continuing care retirement community (CCRC), it is useful for prospective residents to gain an understanding of the CCRC market in general. At myLifeSite, we get a lot of great questions around this topic: Who are the largest CCRC players? What’s the split between for-profit and non-profit CCRCs? What geographic region has the [...]
Money. Even under the best of circumstances, it’s a subject few people want to discuss…even with individuals in their own family. But as people age, it becomes important—and sometimes necessary—that the senior’s adult children or another trusted person has an understanding of their financial situation—what is sometimes referred to as “financial caregiving.” It happens too [...]
A few weeks ago, Bluespire Insider, a marketing group that focuses on promoting senior living communities, hosted a virtual roundtable conversation about innovative ways to encourage social connections for residents of continuing care retirement communities (CCRCs, or life plan communities), a subject I’m always interested in learning about. The roundtable was led by John Franklin [...]
Two weeks ago, I had the pleasure of facilitating a workshop for representatives of not-for-profit Kendal Corporation’s senior living communities where we discussed trends, disruptors, threats, and opportunities faced by today’s continuing care retirement communities (CCRCs or “life plan communities”). More specifically, we discussed how each of the above should be considered in Kendal’s 5-year [...]
In last week’s blog post, I discussed my belief that all retirees should at least consider the possibility of moving to a retirement community. No, it won’t be the right senior living choice for everyone, but I would encourage everyone to at least look at this option with an open mind; while weighing out the [...]
There are certain adages I distinctly recall my mother saying when I was a child. Among her repertoire of time-tested axioms: “Don't judge a book by its cover,” “Things are not always what they seem,” plus, of course, “You won't know until you try.” (And yes, in a karmic twist, I now say these exact [...]
I was speaking to a group of prospective residents for a new life plan retirement community (also known as a continuing care retirement community, or CCRC) when a question came up about “Medicaid trusts” and how the existence of one could impact a resident of a CCRC. More specifically, I had finished a discussion about [...]
Prior to cofounding myLifeSite, I spent 14 years as a financial advisor. During my last couple of years in that role, I took it upon myself to learn as much as I could about the senior living industry and, in particular, life plan communities (also known as continuing care retirement communities or CCRCs). It seemed [...]
In last week’s blog post, I wrote about 90-year-old oil tycoon T. Boone Pickens and his inspiring attitude about growing older, despite several recent health setbacks. In the article, Pickens suggests being “the eternal optimist who is excited to see what the next decade will bring.” He continues: “I remain excited every day, engaged and thrilled [...]
What is your attitude about the aging process? Do you view it as a positive rite of passage or a negative phenomenon that must simply be endured? I recently read an inspiring article written in 2017 by oil tycoon T. Boone Pickens in which he reflects on his life’s “fourth quarter.” Having suffered several strokes [...]
