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…
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…
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…
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…
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…
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…
Research increasingly confirms that social connection and a sense of community strongly influence well-being and longevity. Choosing to live in a retirement community offers convenient access to a…
“Healthy aging” is a growing focus as more baby boomers reach retirement age and seek ways to remain active, engaged, and independent. A 2023 McKinsey Health Institute (MHI)…
It’s Valentine’s Day, and for many older adults love is still very much alive. Some seniors remain in long-term partnerships that have lasted for decades, while others—whether single,…