Fund Unexpected Elder Care Costs with Your Personal Resources
When shifting circumstances bring unexpected elder care costs, they also bring the urgency of having to make short and long-term financial decisions. It is at this point that one must confront the reality of the exorbitant costs of care for the chronically ill and elderly. In 2007, the annual cost of long-term care in the US averaged $77,000. While many people are woefully unprepared to handle these high costs, many others have serious misconceptions about the real costs of...Read the rest of this article »Related Articles
8 Tips for Hiring a Great Real Estate Agent
Recently I wrote an article entitled “How to Hire a Realtor Who Specializes in Working with Seniors.” Once you’ve decided whether you want to work with a realtor who specializes in working with a senior clientele, it’s time to compile a shortlist of candidates and begin scheduling interviews. Let’s consider eight essential rules of thumb that you’ll want to keep in mind for these next crucial steps in the hiring process. 1. Ask someone who works with seniors if...Read the rest of this article »Related Articles
Assisted Living Explained: What They Are, What to Expect, How to Pay For One & How to Find an Assisted Living Facility
What They Are Assisted living is a general term used to describe residential facilities that provide care for individuals who cannot live independently, but do not require twenty-four hour skilled nursing care. With so many choices, however, many adult children face dilemmas when it comes time to find assisted living facilities for Mom or Dad. These facilities typically serve individuals age sixty and older, although younger persons with similar needs may be served as well. The typical assisted living...Read the rest of this article »Related Articles
Continuing Care Retirement Community (CCRC) Explained: What They Are, What to Expect, How to Pay For One & How to Find One
What They Are A CCRC, also referred to as a life-care community, combines residential accommodations with health services. The purpose of a CCRC is to allow residents to receive the appropriate care across a continuum, from independent living to assisted living and skilled nursing care, as their needs change, without having to leave the retirement community. This ensures that residents will be cared for through end-of-life. CCRCs usually charge residents an entrance fee as well as a monthly payment....Read the rest of this article »Related Articles
What Happens When Needs Change While Living in a CCRC?
I recently wrote a post on aging in place that focused on staying in one's own home as long as possible. Aging in place isn't limited to deed holders and renters-residents in retirement communities want to age in place as well. These are people who, like most of us, want to stay right where we are unless we decide an assisted living or skilled nursing facility can best meet our needs-needs that will most likely change over time. The question...Read the rest of this article »Related Articles
Please Visit Our Sponsor
