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Guest Expert: Kristy Kennedy, Silver Bridges ConsultingThe Continuum of Senior Living: Core Framework
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A few comments from listeners when they were asked what the learned from the webinar:
Great overview of the difference between CCRCs and residential communities. I did not know that you must enter a CCRC when still in the independent living phase, not when you've progressed to assisted living or skilled nursing.
- Frank M.
A better understanding of the aging process and where to spend later years and cost factors.
- Robert P.
"Have clients start exploring options earlier.......before they need to.
One of my saying I've told client for years......""The best time to plan is before you have to. If you wait until you have to plan, you are reacting, and your options are limited."" This would certainly apply in this situation. "
- Bob M.
I wasn't aware of all the different types of communities set up for seniors. The most important tip that I took away was to check on the facility's inspection report from the last few years. I thought that was extremely helpful. Another helpful suggestion was to know what the scope of the facility's care is, such that you don't settle your senior in a place where they may have to move if the facility doesn't care for a certain condition.
- Lois B.
This was presented really well, and I learned more about the Rental options that I was not familiar with. I enjoyed hearing the testimonials - nice touch!
- Heather C.
The details on the buy ins (I think ridiculous and price gouging) and the annual increases being double of the COL increases is noteworthy. Even after reducing a portfolio by 2+ million, they'll need growth + 6% just to tread water. That's hard to do in a bond-heavy portfolio.
- David D.
Great overview of the difference between CCRCs and residential communities. I did not know that you must enter a CCRC when still in the independent living phase, not when you've progressed to assisted living or skilled nursing.
- Frank M.
A better understanding of the aging process and where to spend later years and cost factors.
- Robert P.
"Have clients start exploring options earlier.......before they need to.
One of my saying I've told client for years......""The best time to plan is before you have to. If you wait until you have to plan, you are reacting, and your options are limited."" This would certainly apply in this situation. "
- Bob M.
I wasn't aware of all the different types of communities set up for seniors. The most important tip that I took away was to check on the facility's inspection report from the last few years. I thought that was extremely helpful. Another helpful suggestion was to know what the scope of the facility's care is, such that you don't settle your senior in a place where they may have to move if the facility doesn't care for a certain condition.
- Lois B.
This was presented really well, and I learned more about the Rental options that I was not familiar with. I enjoyed hearing the testimonials - nice touch!
- Heather C.
The details on the buy ins (I think ridiculous and price gouging) and the annual increases being double of the COL increases is noteworthy. Even after reducing a portfolio by 2+ million, they'll need growth + 6% just to tread water. That's hard to do in a bond-heavy portfolio.
- David D.
The Continuum of Senior Living: Core Framework
Verified Overview: 
Financial Planning Implications
Verified Source: 
Client Readiness and Planning Tips
Choosing the Right Community
Specialized Care: Dementia and Alzheimerβs
Key Advisor Takeaways
Great overview of the difference between CCRCs and residential communities. I did not know that you must enter a CCRC when still in the independent living phase, not when you've progressed to assisted living or skilled nursing.
- Frank M.
A better understanding of the aging process and where to spend later years and cost factors.
- Robert P.
"Have clients start exploring options earlier.......before they need to.
One of my saying I've told client for years......""The best time to plan is before you have to. If you wait until you have to plan, you are reacting, and your options are limited."" This would certainly apply in this situation. "
- Bob M.
I wasn't aware of all the different types of communities set up for seniors. The most important tip that I took away was to check on the facility's inspection report from the last few years. I thought that was extremely helpful. Another helpful suggestion was to know what the scope of the facility's care is, such that you don't settle your senior in a place where they may have to move if the facility doesn't care for a certain condition.
- Lois B.
This was presented really well, and I learned more about the Rental options that I was not familiar with. I enjoyed hearing the testimonials - nice touch!
- Heather C.
The details on the buy ins (I think ridiculous and price gouging) and the annual increases being double of the COL increases is noteworthy. Even after reducing a portfolio by 2+ million, they'll need growth + 6% just to tread water. That's hard to do in a bond-heavy portfolio.
- David D.