What’s up in senior living?

Topic: Retirement & Planning

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Concordia Life Plan Community to host free virtual event with financial expert on Oct. 15

OKLAHOMA CITY (Oct. 12, 2020) – To equip local residents with the information they need to secure their financial future, Concordia Life Plan Community will host a virtual event with well-known financial expert, Brad Breeding, on Oct. 15 at 10 a.m. The free event entitled “Better Knowledge, Better Future” will take place via gotowebinar and will cover financial planning, the role of housing in after retirement, and how the senior living industry is responding to the coronavirus.    “We’re pleased to have …

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Talking to Your Adult Children About Retirement

Talking about retirement with your adult children can be tough. Wrapped up in these conversations are topics that are hard for almost any family to discuss: money, health, aging, security and change. But it’s an important – and exciting! – time in your life, and it’s important to be able to talk openly with your children about it. These conversations often occur as roles shift within families. While your children were once young and in need of your care and …

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Selling a Home in Today’s Market

Selling a longtime family home can be a challenge under the best of circumstances. Real estate markets are highly localized and timing the market to get the best possible price can be tricky. With the assistance of qualified real estate sales professionals, however, reviewing market trends and local sales statistics can help you make informed decisions.  For example, according to the Oklahoma City Multiple Listing Service (OKCMLS), the average price of homes sold was $215,990 in the month of April. …

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Downsizing, Rightsizing and Simplifying After Retirement

If you’re an adult who’s at or near retirement, you’re probably going over your options and how you can best enjoy your time. That may include adjusting your living arrangements so you can focus on the people and activities you enjoy most. Your post-retirement years are meant to be full of fun, socializing and spending time with family. That’s why so many adults consider downsizing, rightsizing and simplifying in the first place. In this article, we’ll take a look at …

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What to Know About 55+ and Independent Living Options in Oklahoma City

Active adults are making up a larger and larger proportion of the population. Over a quarter of Oklahoma, residents are older than 55, with many enjoying longer, more active retirements. As adults enjoy their time away from work, they often find that the best living option isn’t owning a home, it’s independent living in a community designed specifically for active retirees. These 55+ communities are a type of senior living option that allows adults to enjoy a wide range of …

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Assisted Living Healthcare: Where To Start

Assisted living is a supportive living option, usually for mature adults, with a few variations in type or level of healthcare included. In this article, we’ll dive into what assisted living is and explain the healthcare options it provides. What is Assisted Living? Assisted living is often a bridge between living independently in a personal home or independent living community and living in a community with higher levels of personal support. In most cases, the residents of assisted living communities …

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5 Benefits of Downsizing for Seniors

People from all walks of life are recognizing the benefits of a simpler lifestyle. Millennials have popularized the concept of minimalism, businesses are forgoing office space in the name of simplicity and many seniors consider downsizing as their daily needs and desires change. Although it’s natural to grow accustomed to a certain way of life, downsizing holds many advantages.  The True Cost of Personal Items We often end up accumulating more than we really need or even care about. This accumulation …

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Differences Between For-Profit and Non-Profit Communities

Deciding where you want to spend your later life-years can be difficult. You want to find a supportive living community in Oklahoma City that feels like home and where you can be yourself. It may be that you are looking for a community that offers additional care for specific health needs. One thing you may not be aware of is the importance of knowing whether a Continuing Care Retirement Community (CCRC) operates as a for-profit or non-profit entity. For-profit and …

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Financial Planning Tips for a Secure Retirement

When you’re about to retire or you’ve just retired, your first thought might be about how you’ll enjoy all your newly found free time. Maybe you’ll take that trip to Europe you’ve always dreamed of, or maybe you’ll simply enjoy filling your days with activities you love, like golfing, reading or working in your garden. However, before you call a travel agent or start filling up your daily calendar, it’s important to take a look at your financial portfolio to …

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Veterans Benefits Coverage for Senior Care

How Can Veterans Benefits Help Me Plan for My Future? As our nation’s veterans age, many are facing increased medical costs and considering their long-term care and future housing needs. In the United States today, over 65% of the population are veterans of war or the spouse of a veteran, who may be eligible for a wide range of assistance and benefits programs through the Department of Veterans Affairs (VA).  Benefits such as healthcare and medical benefits, pension, life insurance, …

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