Category: Lifestyle

There are certain adages you may recall your parents saying when you were a child: “Don’t judge a book by its cover,” “Things are not always what they seem,” plus, of course, “You won’t know until you try.”

Clichés are repeated again and again because most often, they are true. And it just so happens that these three sayings don’t just apply to the important lessons of childhood — many adults would do well to adhere to these proverbs as they go through life.

In fact, it recently struck me that seniors who are considering their various senior living options may want to keep these very adages in mind as they ponder the possibility of moving to a retirement community, such as a continuing care retirement community (CCRC, or life plan community).

Don’t judge a book by its cover. Click the link above to learn more about why retirement communities may have more to offer than you think.

I’m Not Ready Yet

Although the vast majority of people who live in Continuing Care Retirement Communities report that they are happy with their decision, there are many who delay a move indefinitely because they feel they are not ready yet.

Of course, moving to a CCRC is an important decision. It requires appropriate planning and should not be rushed. Yet, delaying the decision too long could mean missing the opportunity because a common entry requirement among CCRCs is the ability to live independently. Furthermore, even if your health remains good, delaying means missing out on many of the benefits that such a community could provide for you in the first place.

Here are a few of the most common underlying reasons for not being ready:

“I don’t want to leave my home.” Leaving the home where you have lived for years, if not decades, is not easy. Your own home is a familiar environment and the memories you have built there will forever be cherished. But, these are not necessarily the best reasons to stay in your home. Over time, the idea of staying in the home often proves to be easier in theory than in practice for many older adults and their family members. Sometimes staying in the home means delaying a move later to an assisted living facility or nursing home, at a time when moving to an unfamiliar environment is even more challenging physically, emotionally, and psychologically.

“I’m still independent.” Because continuing care retirement communities include assisted living and healthcare services on-site, there is a common misperception that they are long-term care facilities. However, the majority of residents in most CCRCs live independently. In fact, many residents of CCRCs lead independent and active lifestyles for many years before ever requiring long-term care services. Yet, they also recognize that things can change unexpectedly. They want a plan in place and do not want to be a burden on their children whenever that day comes.

“I do not want to deal with the hassles of moving.” Moving and de-cluttering isn’t easy at any age, but it will only become more difficult as you get older. If this is the main reason for your delay, then it is better to make the move now rather than later. The process of de-cluttering can even be a special time to share with adult children or other family members as you dust off old family keepsakes together. Some retirement communities may even include moving and de-cluttering services as an added incentive to help make your move easier.

“I am not yet comfortable with the decision financially.” There are many resources available to help you determine whether a continuing care retirement community is a viable financial choice for you. A financial planner who is well-versed in CCRC contracts should also be able to help. Finally, many CCRCs utilize software that helps them determine if your assets and income are adequate to cover your projected lifetime cost and they will usually share the results with you.

If you are considering a CCRC, but feel that you are not quite ready to make the move, then it could be helpful to think about what “not ready” means for you. Addressing the underlying reasons sooner rather than later helps assure that you keep your options open and could spur important conversations about what is ultimately best for your long-term situation.

The above article was written by Brad Breeding of myLifeSite and is legally licensed for use.

When a person dies without having made a Last Will and Testament, and they have property titled in their name alone, whether it is a boat, house, bank account or a motorcycle, there is a good likelihood that they have made life more difficult and more expensive for their surviving spouse or children. Click the link above to learn more about the effects of not having a Will and why it is important to prepare one ahead of time.

The term “retirement planning” is frequently used in the financial industry and in the media. But what does it really mean? For some, retirement planning includes strategies for saving and investing to prepare for a future retirement. For others, it may focus more on various methods for tax efficiency and generating income during the retirement years. Of course, to others it may have less to do about money and more about the psychology of transitioning into retirement. Clearly, “retirement planning” is a broad topic. Click the link above to learn more about how to plan for retirement and the many items that should be considered.