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 [...]
In some ways, making the decision to move to a continuing care retirement community (CCRC, also called a life plan community) is like taking out an insurance policy to protect you from the “what ifs” that the future may hold. What if I can no longer handle the upkeep of my home? What if I [...]
The phrase “long-term care” refers to a spectrum of care services that people may need — sometimes including skilled nursing/medical care, but often non-medical help with the basic self-care responsibilities of everyday life, also known as activities of daily living (ADLs). This type of long-term care, also called assisted living, may include things like bathing, dressing, eating, [...]
I have shared with you before the value of intergenerational programs at continuing care retirement communities (CCRCs, or life plan communities). These initiatives bring together diverse age groups, allowing younger people to benefit from the wisdom of their seniors and giving the seniors an invigorating dose of youthful energy. myLifeSite’s own research shows that prospective [...]
In the past 100 years, the automobile and the independence it affords have literally changed the world. That’s why for many seniors, losing the ability to safely drive is so devastating. It can lead to depression and isolation, both of which are proven to be detrimental to seniors’ health. However, thanks to several innovative transportation [...]
As you may know, I travel across the country frequently, speaking at continuing care retirement communities (CCRCs, or life plan communities) about a variety of senior living-related topics. In the course of my travels, I am fortunate to be able to meet a fascinating array of people, many of whom have insightful stories that they [...]
If you follow our blog, you know that I’ve written in the past about the different types of contracts offered by continuing care retirement communities (CCRCs, or life plan communities). But understanding contract types conceptually and actually knowing what you are looking at when you read over a particular CCRC’s pricing sheet are two very [...]
