myLifeSite Blog Archives
myLifeSite Blog Archives provides information and guidance on senior living, life plan communities, CCRCs, independent living, and closely related topics from myLifeSite.
myLifeSite Blog Archives provides information and guidance on senior living, life plan communities, CCRCs, independent living, and closely related topics from myLifeSite.
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 [...]
As we grow older, it seems that the years fly by faster and faster. The holidays are a good opportunity to slow down, take stock of our priorities, and commit to refocusing on the things that matter most to us in life — whatever that might be. To quote Benjamin Franklin, “Dost thou love life? [...]
According to the latest CDC statistics, there are nearly 2.1 million Americans living in our nation’s 46,200 long-term care facilities. This includes 30,600 assisted living communities with nearly 820,000 residents, and 15,600 skilled nursing facilities (also called nursing homes) with around 1.3 million residents. In many cases, these are some of the most vulnerable members of [...]
It is a busy time of year for many as calendars are filled with holiday parties and family gatherings. But for some, particularly retirees living alone, this season puts a painful exclamation point on the loneliness and social isolation they must endure year-round. With study after study showing the detrimental effects being lonely and secluded [...]
Services. Amenities. Location. Floorplan. Availability of care. These are some of the community features that affect senior living cost. At myLifeSite, we’re often asked about comparing retirement communities and costs. Just last week, we received a question about whether a rental community is better than a community requiring an entry fee, sometimes referred to as [...]
The holiday season is upon us, and with it comes time spent with family. Over the next few weeks, many people will savor some quality together time, but for some, it also can be a time of fraught conversations — think politics, religion, or relationship status. But there’s one conversation that is worth having, even [...]
We all make countless decisions every day. Some are mundane, like what to have for breakfast. Others are much more consequential, like choosing a career, picking a life partner, or getting that tattoo. At the heart of every decision we make, there is a thought process that takes into account risks and rewards, past experiences, [...]
As we’ve written about in the past, residents of continuing care retirement communities (CCRCs or “life plan communities”) often are able to take a tax deduction on a portion of their monthly fee (and even on any non-refundable portion of the entry fee in the first year). This deduction is available under Section 213 of [...]