I recently read a PBS Newshour piece titled “How to Stay Out of a Nursing Home and Age Independently,” which summarized a Swedish study identifying factors that predict whether older adults can continue living independently into their 80s. The study’s lead author, geriatrician Kristin Franzon, emphasized that “preserved independence is highly valued by very old … Read more

A viral video from last year captured a moving reunion that highlighted a common issue for older couples. In the footage, an 89-year-old husband moved into his wife’s nursing home after pandemic restrictions prevented them from visiting each other for months. Their emotional reunion deeply affected staff and viewers alike. Stories like this became familiar … Read more

Before cofounding myLifeSite, I worked for 14 years as a financial advisor. In the final years of that role I focused on learning the senior living industry, especially life plan communities—also known as continuing care retirement communities (CCRCs). As interest in life plan communities grew, it became clear this is a complex choice for many … Read more

It is somewhat ironic that when you choose to move into a continuing care retirement community (CCRC), also known as a life plan community, you hope you’ll never need one of its most important features: the on-site healthcare center. Still, many residents will require some level of care at some point, from assisted living to … Read more

The senior living industry is undergoing a major transformation as baby boomers become the primary target demographic. This generation—shaped by the social and cultural changes of the 1960s—doesn’t envision retirement as a quiet period dominated by traditional activities. Many boomers are uninterested in bridge and shuffleboard, prefer casual and varied dining experiences over formal dining … Read more

At myLifeSite we often receive questions about whether residents of continuing care retirement communities (CCRCs or “life plan communities”) can claim medical expense tax deductions. Below we explain how this deduction works, how it may apply to CCRC residents, and what to discuss with your tax preparer. This article is informational and not a substitute … Read more

I was recently on hold calling the main phone number of a continuing care retirement community (CCRC). The recorded message listed several attractive community features, but one line stood out: the community proudly advertised that it offered board games. For CCRCs to remain financially stable over the coming decades, maintaining strong occupancy is essential. That … Read more

Many prospective residents ask whether they should keep their long-term care insurance after moving into a continuing care retirement community (CCRC). The best answer depends on the type of residency contract the community offers and your individual needs. Below is a clear explanation of common contract types and how they interact with long-term care insurance … Read more

Assisted living (AL) is the largest provider of residential long-term care in the United States, and the resident population continues to grow as Baby Boomers age and need varying levels of support. A recent study from the Center for Health Services Research at the University of North Carolina (UNC) at Chapel Hill explored a key … Read more

During my financial planning years I often presented on senior living options to older adults at Duke University through the Osher Lifelong Learning Program. With roughly fourteen continuing care retirement communities (CCRCs), also called life plan communities, in the immediate area, I fielded many questions about these communities. CCRCs allow people who are independent today … Read more