Rental retirement communities, also referred to as independent living centers, offer apartment-style residences and an array of services and amenities, usually including housekeeping, transportation, wellness centers, dining, and more.
If you are considering a move to a continuing care retirement community (CCRC, also known as a life plan community) or another senior living community, you may be concerned about the ramifications on your relationship with your grandchildren. Here are a few questions to ask before you make a selection…
If you try to do the calculations yourself, perhaps using an Excel spreadsheet, it can be almost impossible to correctly adjust for all of the different factors and scenarios including entry fees, refundable entry fees, fee adjustments that could take place within the community…
According to the American Automobile Association (AAA), with the exception of teen drivers, older seniors have the highest crash death rate per mile driven, despite the fact that seniors drive fewer miles than their younger counterparts.
…but these aren’t grown children who have failed to leave the nest. Instead, they are Baby Boomers who have decided to move into their parents’ retirement community.
So how do you make the most of the brief time you are allotted with your senior healthcare provider? There are some steps you can take to maximize your doctor’s appointment.
But for some older adults, the holidays are not all cheer and glad tidings. In fact, it can be a time of sadness and tremendous loneliness.
With so many older adults on a fixed income, increases in housing expenses can hit hard. A recent report predicts that rent prices will rise faster than the rate of inflation in many areas of the U.S.–about 3 to 5 percent on average nationally.
These contracts are often designed by actuarial consultants who attempt to predict future costs and liabilities for the resident population as a whole, but the details of CCRC residency contracts can vary rather significantly from community to another.
‘Tis the season of giving, and many seniors will make end-of-year contributions to charitable organizations. Whether you give out of the goodness of your heart, because you need a tax deduction, or a combination of the two, it is important to do your research before you reach into your wallet in order to protect yourself and your money.
