Tag: finance
Photos of Life Plan Communities in Baltimore
In my November 9, 2023 webcast for the Maryland Association for Parkinson’s Support (MAPS) I discuss Life Plan Communities (LPCs) as a housing option for Parkinson’s patients. LPCs were preciously called continuing care retirement communities (CCRCs). The industry changed the terminology used to describe these communities to emphasize the lifestyle they offer, rather than their…
Convert Colleges to Senior Hsg. Enrollment Declines Create New Opportunities
I have written three times before on this blog about augmenting college finances and declining enrollment by introducing senior housing on campus or by fully converting small college campuses into senior housing communities. The first time was February 2, 2019, in response to an opinion piece in the Wall Street Journal about the challenges facing…
New FNMA/FHLMC Requirements Set National Standard For Condominium Maintenance
The Federal National Mortgage Association, commonly known as Fannie Mae (FNMA), and The Federal Home Loan Mortgage Corporation, commonly known as Freddie Mac (FHLMC), are publicly traded, government-sponsored entities (GSEs) that purchase mortgage loans from banks and mortgage banking companies. GSEs package these loans into mortgage back securities that are sold to investors. This process…
Finding A Good Death – Understanding and Shopping For Hospice Care
Background Like most issues about which I post, the topic of “Finding A Good Death” arose from a personal connection. In this case when a neighbor consulted me about his sister who was being referred to hospice care after battling cancer. While not an expert in hospice care, I have long studied seniors housing and…
Immigration and Senior Caregiving Linked
It has been several months since I updated my blog because I have gotten busy serving on the Board of Quality Care Properties (QCP) and with some consulting work. I am also just back from a vacation in Costa Rica about which I hope to soon do a post. An article in today’s (January…
Wall Street Journal Recommends Financial Advisor For Retirees
I continue to find the Wall Street Journal one of the best sources of financial advice for seniors. In the “Ask Encore” column on Monday, October 31, 1017, Glenn Ruffenach recommends that retirees retain a financial advisor, despite fees that can run to 1% of assets. While some retirees have the skills and time to manage…
Financial Planning For Retirement
As with most articles on my blog, this one started with a conversation with a friend. The friend recently turned 60 and is starting to seriously think about retiring from a professional position. He is thinking about a range of options: fully retiring at age 62, shifting to part-time with his firm and delaying retirement…
Staying At-Home With Care Exceeds Cost of A Senior Housing Community
EXECUTIVE SUMMARY Most seniors and their families see the monthly cost of a senior housing facility as much higher than the monthly cost of living at home with family care, or even with part-time or full-time home healthcare. But the math that most seniors and families use to make this comparison assumes no implied cost…
The Cost of Care
Raw Cost of Care The chart below shows the average monthly cost of care for skilled nursing (nursing home), memory care (dementia), assisted living and independent living facilities in the Baltimore/Washington region for 2015. It also shows the cost for 24 hour / 7 day a week home health aide care and 24/7 home…
Managing Your Investment Portfolio
As a former stock analyst, I often get questions about what stocks to buy or how to manage an investment portfolio. I am not going to recommend specific stocks in this blog because I believe there is already an overwhelming amount of financial advice on the web and because I no longer follow individual companies…