Topic: retirement community
Understanding the differences between senior housing and long-term care options is essential to making the best choice to meet needs and goals while providing peace of mind. …
Making Sense of Housing & LTC Options: Independent LivingRead More »
Is the Grass Greener? Benefits to moving to a retirement community
Do you have a plan for the time when living at home is no longer safe or supportive for your parents, your spouse, your partner, or yourself?
Every situation is different, but there are common signs that it may be time to move. Understanding the landscape and planning for what’s to come can save a lot of stress and heartache in the long run. …
Do you dream about simplifying your life? Wish you could spend less time on to-dos and more time engaged in new interests? An independent living community might represent that dream come true. Consider these perks: home maintenance and landscaping cared for, meals prepared, and plentiful opportunities for socializing. …
Life plan communities—sometimes called “continuing care retirement communities” (CCRCs)—are private communities that offer residents a full range of care levels, depending on need. For those in independent living, amenities such as a golf course, gym, pool, and tennis and pickle ball courts are typically provided. Some communities even offer college-level classes, a salon, and grocery store. …
In this podcast and over the coming weeks, Nicole will provide a general overview of different housing options for long-term care: Continuing Care Retirement Communities, Assisted Living, Memory Care, and Adult Family Homes
Today she looks at Continuing Care Retirement Communities (CCRCs), also known as Life Plan Communities. “This is really an option for people who are at a stage in their life where they’re proactively planning ahead. Maybe they’re ready to downsize. They’re attracted to that retirement lifestyle, relatively healthy and independent.”
You move in to a CCRC as an independent resident and if you need more support over time, there are different levels of care within that building or campus that can support you over a continuum.
CCRCs typically include Independent living, Assisted living, Memory care, and Skilled Nursing. Some include Short-term rehab.
CCRCs are usually high end communities with lots of amenities. They require a buy-in or entry fee. In our area, that could mean a range from $300,000 to $1 million. This is in addition to your monthly maintenance or service fee. Each CCRC offers different contracts. It’s important to understand the type of contract, what is covered, and if cost will increase as your needs change.
Additional Reading and Resources:
Interested in exploring and planning for long-term care housing and not sure where to start? We can help! Schedule a free get-acquainted call today to learn more about your situation and to determine together whether our services are a good fit for your needs.
This podcast is part of a longer conversation between Nicole Amico Kane, Director of Care Management at Aging Wisdom, and Brenda Dodd, Director of Training and Special Projects at Áegis Living.
Cohousing is like a retirement community in that it is a group of residents in individual, private domiciles. Plus, there are shared facilities for group activities. What’s different is that retirement communities are created and run by a developer.
Cohousing communities are created by the people who will live in the buildings. All members hold an equal investment—personal and financial—in the process of creating and running the community. Decision making is shared and is usually by consensus. …
Happy 75, Baby Boomers! 2021 marks the year that the first of the boomers — 3.4 million babies born in the U.S. in 1946 — start turning 75. My Uncle Mike, born January 5th, 1946, is one of the first to mark this significant milestone. A birthday is the perfect time to make sure you well set up for the future, especially since we all have far more time at home to focus on the tasks that many of us avoided for years.
Many baby boomers I know have had to assume the care of their aging parents. It was often a very stressful scenario because their parents did not plan, often refused help, and left adult children to pick up the pieces. Because of this experience, baby boomers are motivated to save their kids from this same fate. They are eager to plan so that their kids won’t be burdened with their future care.
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10 Steps to Set Yourself Up for Success in Your RetirementRead More »