The Admiral at the Lake Blog

Tax season is almost upon us. Have you taken the time to consider the benefits a life plan community could have on your taxes?

If you are considering a life plan community (also known as a CCRC) to retire, you may not know it could have a positive impact on your taxes.  New life plan community residents could qualify for a tax deduction on their entry fee and monthly fees.

Your parent is looking for a continuing care retirement community (CCRC) and has asked for your opinion. How can you give the best possible advice?

It can be tricky to weigh in on such an important subject, especially if you’re new to the world of retirement living. To help you on your search, here’s what you should be evaluating when comparing different community options with your parent.

Lifecare communities (also known as continuing care retirement communities or CCRCs) are a favorite choice among older adults as they have every level of care available for residents, all on the same campus.

Wouldn’t it be nice if we had a crystal ball to tell us what the future holds for us? Unfortunately, this isn’t possible.

Fortunately, though, we can be proactive in planning for anything that the future may throw our way. Here are 5 ways to make your future planning successful!

According to recent studies, 10 million adult children over the age of 50 are actively caregiving for their parent(s). These adult children are tasked with daily chores such as grocery shopping, meal preparation, dressing and bathing, and more.

Among the many options of housing and care available to older adults, continuing care retirement community (also known as a CCRC, or Lifecare community) is one of the most popular choices.

Baby boomers are retiring at a higher rate every year. It is estimated that since 2011, an average of 10,000 baby boomers turn 65 each day. By 2030, about 18% of the population will be over 65.

You are planning for your future needs and you may be thinking “I’d rather stay home and age in place, it’ll be cheaper and more comfortable.” Some boomers feel that if they move into a retirement community, their independence will be taken away, it will be too expensive and it will be boring and lonely. However, these thoughts are based on outdated misconceptions. There are many reasons why living in a Lifecare community is a better choice than staying home.

By 2030, more than 20 percent of U.S. residents are projected to be age 65 and over. In tandem with that population growth is an anti-clutter movement.

What does that mean for those ready to declutter? A lot of people are looking to downsize their homes and belongings, but not as many people are looking to scoop up those possessions.

If you’re over the age of 55, there are two questions you should be asking: what is a life care community and is it right for me? You might think it’s too soon but it’s never too early to start planning for the future (especially when most in-demand communities have waiting lists).