If you follow this blog, you know I usually write about senior living and continuing care retirement communities (CCRCs or life plan communities). Choosing a retirement community is a major financial decision, so this week I’ll address a related topic that often causes confusion: annuities. Before founding myLifeSite, I spent 14 years as a financial … Read more

Although most people who choose continuing care retirement communities (CCRCs) say they are pleased with their decision, many delay the move because they feel they are “not ready yet.” Moving to a CCRC is a significant choice and deserves thoughtful planning. But waiting too long can close doors. Many CCRCs require that new residents be … Read more

Dementia is not a single disease but a general term for a decline in cognitive abilities—such as memory, language, attention, and reasoning—that is severe enough to interfere with daily life. Alzheimer’s disease is the most common form, accounting for roughly 70% of cases, but other types exist as well, including vascular dementia, which can follow … Read more

We recently received an email from a myLifeSite user that caught my attention—not because it was unique, but because it reflects a trend we’re hearing across the country: “We have been on a [continuing care retirement community (CCRC)] waitlist for almost 5 years at our #1 choice after being told during our sign-up visit during … Read more

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