In my previous articles on Continuing Care Retirement Communities (CCRCs), I described the amenities these communities offer, what it’s like to live in one, and the various types of contracts one can purchase. In this article, I will describe the application process and how a CCRC determines if you qualify for residency. The application process [Learn more…]
Retirement Planning and Cash Flow
CCRC #3: The ABCs of CCRC Contracts (Part 3 of 8)
In my previous articles on Continuing Care Retirement Communities (CCRCs), I described the amenities these communities offer and what it’s like to live there. In this article, I’ll explain the contractual options for residents and the implications of each choice. First things first Before we explore CCRC contracts, let’s discuss the differences between health care [Learn more…]
CCRC #2: What Is It Like to Live in a Continuing Care Retirement Community? (Part 2 of 8)
This is part 2 of a multi-part series on CCRCs. To read the first installment, click here. “I don’t know if I could live there. Everyone seems so old.” I’ve heard this comment occasionally from clients after they’ve visited a Continuing Care Retirement Community (CCRC). I mentioned it to the marketing director at a CCRC [Learn more…]
CCRC #1: Continuing Care Retirement Communities (Part 1 of 8)
This is the first in a series of 8 articles on Continuing Care Retirement Communities. We included links to the other articles at the end of this one. Ever since I hit {age redacted} I’ve had more thoughts about my future and about aging in general. Remember being 18 and thinking 30 was so old? [Learn more…]
Want To Be Happy In Retirement? Spend Your Time And Resources On These Things.
A few years ago, I had the pleasure of attending a seminar by Dr. Michael Finke, then a professor at Texas Tech (he is now at The American College of Financial Services). He spoke about measuring life satisfaction in retirement. I remember being impressed by his talk and wanting to write my own article about [Learn more…]
Roth and Traditional IRA contributions: 2 simple rules, and 1 rule that isn’t so simple
If you want to save for retirement in an account or accounts not linked to your job, you have two choices: Traditional IRAs and Roth IRAs. This article gives you guidance about which type you should choose to contribute to. It focuses on the key distinctions between the two types: Contributions to Traditional IRAs are [Learn more…]
How the DOL’s New Fiduciary Rule Will Affect Retirement Advice
The Department of Labor (“DOL”) recently published a new rule that will hold all financial professionals to the same standard when offering retirement advice. In its simplest form, the new rule provides that financial advisors and brokers must act in the best interest of their clients when providing retirement advice. This best interest, or “fiduciary” [Learn more…]
