EP7: Considerations When Researching Senior Living Communities

When you plan for retirement, researching senior living communities is an important step. But there are many factors to consider when choosing the right fit. Brad Breeding is back in this episode to discuss important factors to consider when researching senior living communities. He gave helpful guidance on evaluating costs, contract types, and intrinsic values to help you choose the best-fitting senior living option.Brad worked as a financial advisor for 12 years before becoming a financial planner. While doing this, he saw that older people and their families needed help with senior living choices. So, he created a website called myLifeSite.net. It helps people make smart decisions about senior living.In this episode, they talk about:Financial nuances of living in a type A life plan community beyond entrance fees and monthly costsThe cost for future healthcare in a type A life plan communityHow senior living contracts and definitions vary from state to stateThe intrinsic value of living in a type A life plan communityShould people research senior living communities on their own or have a team to help with the decisionChoosing a senior living community is about more than just a place to liveMemorable Quotes:“When you're looking at a really any retirement community, particularly a continuing care or life care community, it's more than just finding a place to live. It's more of how to live and about having a plan and a lifestyle and a culture.”"One of the things we always hear is the people, the relationships, the friendships, the support network, all of that is very important."Resources:myLifeSite Website: https://mylifesite.net/ Brad Breeding on LinkedIn: https://www.linkedin.com/in/bradbreeding1/ Find out more about Vi Living at our Website: https://www.viliving.com/ Hosted on Acast. See acast.com/privacy for more information.