If you or a loved one is contemplating senior living options, it’s understandable that you might have questions or concerns about the cost of retirement communities. Yet as with any other major decision in
A recent survey by myLifeSite revealed that one of the top reasons older adults delay or avoid a move to a senior living community, such as a continuing care retirement community (CCRC/”life plan community”)
A couple of weeks ago, we wrote a post answering a question we sometimes get about whether it’s wise to pull money from an individual retirement account (IRA) to help cover the cost of
There was a great interview-article in Forbes in 2022 entitled “Dilemma: Senior Living Facility or Kids’ Inheritance?” In it, financial expert Larry Light interviewed Certified Financial Planner Rick Kahler about many seniors’ desire to
Medicare [Part A] covers some of the expenses incurred from medically necessary skilled nursing care when such services are delivered by a Medicare-certified provider. There are certain stipulations that must be met before Medicare
Depending on the source, statistics show somewhere between 50-70% of people over the age of 65 will require fairly significant long-term care services at some point in their life. This means they’ll
Lifecare Contracts Explained A Continuing Care Retirement Community (CCRC, or “Life Plan Community”) can be a wonderful solution for older adults who are independent and active today, but who seek the
CCRCs: The Purpose of Entry Fees The vast majority of Continuing Care Retirement Communities require an entry fee. Naturally, people often ask, “What is the purpose of the entry fee?” Before
Residents of entry-fee retirement communities may be eligible to deduct a portion of the entry fee, and possibly monthly fees, depending on the type of contract offered by the community. Here
Dispelling myths about paying for a Retirement Community By Penny Smith, RWC Vice President of Finance and Chief Financial Officer Q. What do you consider to be the top myth
