Everyone knows that a continuing care retirement community is the “luxury” package for seniors after retirement. Continuing care retirement communities (CCRCs), also called Life Plan communities, offer numerous amenities designed to ensure your parent’s happiness and health, including:
Category: Financial Wellness
It’s every adult child’s greatest nightmare: You receive a call at work or in the middle of the night to tell you your parent has been admitted to the emergency room. Sometimes, it’s because they became dehydrated from an illness or suffered a stroke. At other times, they may have slipped on icy steps or fallen in the home.
For older adults, there is no better security than a continuing care retirement or Life Plan community...if you can afford it.
Because cars are the norm for most Americans, we tend to forget the cost of transportation when we consider our cost of living. Even for a person who owns their vehicle, every trip costs money.
The families of some older adults are seeking alternatives to their loved ones owning a vehicle as vision, hearing and other problems impact their ability to drive.
Retirement is a time to enjoy everything you’ve worked your whole life for. No alarms. No deadlines. No boss.
At the same time, retirement is fraught with financial uncertainty, because income sources are limited.
If your parents are considering moving, as two-thirds of retirement-age adults do, which is better? Renting or buying?
Well, it depends.
One of the most common questions we’re asked here at The Esquiline is whether someone can afford it.
You’ve spent your entire life accumulating assets in preparation for a risk-free retirement. You’ve solicited advice from financial advisors, friends, and family.