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Category: Retirement

What Do I Need to Know About Continuing Care Retirement Communities?

June 11th, 2019 by

Last April, I began a seven-part series on CCRCs (Continuing Care Retirement Communities). Many of our clients were asking about retirement options and I decided CCRCs were a good place to start my research. In addition to reading about the subject, I spoke to senior living experts, CCRC administrators, and residents to ask them about […]

Is a CCRC worthy of having me as a resident? – Part 2

January 15th, 2019 by

Additional questions to help you decide if a CCRC is right for you In a previous article, I suggested questions to ask a CCRC finance team member about the community’s long-term financial viability to determine whether it’s the right place for you. Chances are, by the time you sit down with the salesperson, you’ve already […]

What does it take to retire early?

December 14th, 2018 by

Early retirement and the concepts of high savings rates, deliberate frugality and reducing one’s working hours continue to seep into the mainstream. Blogs like Mr. Money Mustache, Early Retirement Extreme, and the FIRE (financial independence, retire early) movement have become a topic of frequent conversation in the media and among many in their 30s, 40s […]

The IRS Announced Higher 401k And IRA Contribution Limits For 2019 – How Much Should You Save?

November 27th, 2018 by

This article originally appeared on Forbes.com. On November 1, the IRS announced cost of living increases to IRA and employer plan contribution limits for 2019. The IRA annual limit increased from $5,500 to $6,000; the employer plan limit (applicable to 401(k)s, 403(b)s, most 457 plans and the Federal Government’s Thrift Savings Plan or TSP) increased […]

Is this CCRC worthy of having me as a resident?

November 14th, 2018 by

Click here to see my previous articles on CCRCs. Part 1 – How financially strong is the community? When our clients consider moving to a Continuing Care Retirement Community, they usually ask the advisor whether they qualify financially. It’s equally important to determine whether the CCRC under consideration is financially qualified to have them as […]

Am I Eligible to Live in a Continuing Care Retirement Community? Part Two (Part 5 of 7)

September 21st, 2018 by

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, the various types of contracts, and explained the difference between affordability and eligibility. In this article, I will give a concrete example of the latter. Introducing Martha, a CCRC applicant Here […]

Sensible Scenarios: Stress Free in Arizona

August 27th, 2018 by

Remember when you were a kid and grownups asked you what you wanted to be when you grew up? That was then, and this is now. You are a grownup. You’ve finished school, gone to work, and started a family or a business. Now you’re settled, but you still have dreams. Maybe you want to […]

Am I eligible to live in a Continuing Care Retirement Community? (Part 4 of 7)

August 27th, 2018 by

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 […]

The ABCs of CCRC Contracts (Part 3 of 7)

July 27th, 2018 by

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 […]

What Should You Do With Your Old Employer Retirement Account When Changing Jobs?

July 26th, 2018 by

With the economy picking up, more people are changing jobs. This article will focus on just one of the implications of moving to a new job: what should you do with your old employer retirement plan? You have three options, each of which I will address in turn, highlighting the factors that we use to […]