For more information about the author, click to view their website: CC Young Senior Living
Design your retirement exactly as you wish.
transformation of retirement living continues, and examples of this new and
improved way to live life during your senior years can be found in sought-after
communities throughout Dallas. The demand for luxury living is high, so it’s
never too early to start planning and touring to explore everything
offered—from cocktail hours and pickleball games to continuing education and
daily chef-crafted meals.
On the long
list of things to check off in life, enjoying a nice retirement is usually at
the top. What far too often keeps getting pushed to the bottom of the list is
saving money to fund this goal.
beginning of one’s career, retirement seems so far away that it’s difficult to
envision, which means big-ticket items often take priority over saving for
retirement—paying off student loans, weddings, traveling, buying a home, and
building the kids’ college funds among them. Those in good health who have
managed to plan and save for retirement in between life’s milestones have a
good shot at the opportunity to design and enjoy their retirement exactly as
they wish. For those who are behind, it’s never too late to start saving, but
financial planners advise to begin today. There is much to love about today’s
retirement living options, making it even more imperative to work with a
financial planner and remain committed to a plan so that retirement is something
to look forward to—not to fear.
“By the year
2034, the U.S. census projects that older adults will outnumber children for
the first time in our history—that’s a significant transition,” says Russell
Crews, president and CEO of Dallas’ CC Young senior living community. “And from
2024 to 2039, the population in the U.S. of those age 75 and older will
increase from 20 million to 45 million. These demographics are almost
overwhelming to consider. Right now, there are some Baby Boomers at CC Young,
but within the next 15 years, the majority will be in this group. One of the
biggest challenges for them will be affordability. No one has the answer, but
the message is that you can’t start planning too soon.”
“All roads lead back to planning. We
plan for college, weddings, and buying a home. Planning for retirement is just
Russell Crews, CC Young
continuing discussions about a looming recession have upended the economy,
leaving those who are newly retired and soon-to-retire panicked about the
losses in their portfolios–the savings that will fund this life of fun and
freedom. Those who are 10 to 15 years away from retirement are also impacted,
as there is little time to make up for the losses. A resetting is taking place
and as older adults are coming to terms with how much they will need to fund
living is only going to get more expensive through the years,” Crews says.
“Inflation has created chaos in rates that are needed to support the operations
of senior living communities. Historically, most communities have had standard
3% to 4% increases, but we have been seeing 6% to even 15%. When seniors look
at that and do the compounding, it’s easy for them to become distraught. Sadly,
inflation has wreaked havoc on senior living cost structures.”
funding retirement is only one aspect of long-term planning. Taking the time to
reflect on what you want for yourself in retirement is also critical. Staying
healthy, active, and engaged with friends and family as well as making the time
to pursue interests is just as important as saving money in preparation for
retirement so the change in routine isn’t such a shock. Financial advisors
recommend examining assets and liabilities. Think about downsizing. Tackle
debts and limit liabilities, such as financially supporting older children.
Work with a financial planner about options for saving, including weighing the
pros and cons of purchasing long-term care insurance. Also consider what you
can realistically afford after you stop working and try to mimic living that
lifestyle now as much as possible to become adjusted to it.
expenses can potentially be offset through personal savings, private insurance
policies, or government initiative, such as Medicare, Medicaid, and benefits
for veterans,” says Chad Hubbard, executive director with the Preston of the
Park Cities, a Watermark community. “For those planning for the future, I
recommended starting a dedicated savings plan early and exploring long-term
care insurance. It’s essential to work with a financial advisor to create a
solid financial plan tailored to your unique needs.”
Jen Grant, a
Certified Financial Planner™ with Perryman Financial Advisory, says many of her
clients start becoming more focused on retirement savings once their kids have
graduated from college and live on their own. An official empty nest is the
signal to think about the next stage of life—retirement.
“There is a stage of life where you aren’t ready to retire and still enjoy working, but you are also aware that retirement isn’t far off,” Grant says. “I always tell my clients to really focus on their careers at this point. These are likely the highest income-earning years. Maybe you haven’t taken a promotion or moved for a better job because you didn’t want the changes to affect your kids. With this is no longer an issue, it’s time to step up.”
shares her top tips on retirement planning and saving while you are still
career. “If you aren’t happy where you are now with your job, find
something else where you can really dig in and enjoy your work and make—and
save—as much money as you can as you prepare for retirement. These should be
your high-income years, so be strategic about your plans.”
Play catch up. “With
most employer-sponsored retirement savings accounts, such as a 401-K, this is
likely the time you can make catch-up contributions or invest more from your
pay. Take every opportunity you can to increase contributions.”
Pay off debt. “This
is major, especially if you have co-signed on student loans. Make sure the kids
are ready to launch and take over their own student loans. Take your kids off
your health insurance, car insurance, and cell phone plans—even Netflix
subscriptions and Amazon Prime accounts. It all adds up, and there are a lot of
areas where you may not realize how much you are paying to support someone
Live on one
salary. “If you are in a household with two working people, try to live on
one person’s salary and sock away that second person’s salary. It’s a great
feeling if you can manage it. If possible, divert that money into a retirement
savings account so you aren’t always fighting with your own personal desire for
things once you have a relief point.”
It’s never too
late. “Having something saved for retirement is better than nothing at
all. If you are still 10 to 15 years away from retirement, it’s time to make
some big adjustments. It’s easier to spread investments out over a decade
rather than a few years. If you wait, you’ll have fewer options. The next
couple of years will feel tighter than they have in the last 20 or so, but
having plan now will make life easier for everyone when you are no longer
The Choice Is Yours
retirement communities offer everything you need and want.
reasons senior living communities throughout the Dallas area are undergoing
change are savvy developers and consumer demand. Today’s seniors who are
transitioning from their long-time homes to retirement communities want their
move to feel like a lifestyle upgrade—something that mimics the resorts where
they have been vacationing during the past decade or so. They want to continue
with their lives as usual—but without the hassles of home ownership. When
weekly happy hours, on-site spa services, front-door meal deliveries, and
planned trips and excursions are part of the deal, they know they are
community developers often own or manage 20 or more communities. They are
committed to keeping up with emerging trends and thinking ahead so that
residents can always take advantage of the latest amenities and services.
On-site medical clinics, golf simulators, upscale salons that rival what you’ll
find in Uptown Dallas, movie theatres, multiple libraries, and on-site
banks—today’s senior living perks make it easy for residents to enjoy the best
of everything right at home. “There is a lot of brain power at work, and
developers are constantly thinking about what’s next,” says John Falldine,
executive director of Edgemere. “In this industry, there will always be new
things coming to the market, and developers and managers listen to and incorporate
what their customers want.”
53 million people in the United States are age 65 or older, according to the
U.S. Census Bureau. By 2060, this demographic is projected to double in size,
meaning that within the next several decades, one in five people will be senior
citizens making decisions about where, and how, they want to retire. The next
question is when to retire? If savings goals have been met, how do you know
when it’s time to make the move? Hubbard says this decision always varies from
person to person. Moving to a retirement community before your physical and
mental abilities require you to do so is often the smartest choice.
“It makes the
transition easier,” Hubbard says. “If you find it challenging to access
services or activities that enhance your quality of life, it may be time to
consider a move to a community where those amenities are very accessible
through assisted living or memory care. Common fears about moving to a
retirement community often involve the loss of independence and the unknown.
Many seniors worry about leaving their homes and familiar surroundings.
However, many are often surprised to discover they gain a newfound sense of
independence, social connections, and a vibrant lifestyle due to the emphasis
on social connection and community living.”
become more open to the idea of moving to a retirement community, they’ll do so
with one caveat—the senior living community they choose can’t resemble where
their grandparents and parents spent their senior years.
The Preston of the Park Cities, a Watermark community, offers a vibrant lifestyle with resort-style amenities that aren’t too far off from those of a luxury hotel—gourmet dining options and fitness and wellness programs among them. A concierge medical partnership offering access to in-house physicians and medical treatments, Watermark University for continuing education, multiple dining venues, and high-tech programs like EngageVR that offers the opportunity to explore the world—and outer space—right from the community are other perks members enjoy. Within most Watermark communities, residents use a key fob for entrance into and throughout the community, and the fob is what they use to charge meals or even order a cocktail in the lounge. Watermark University, or WU, addresses three circles of wellness—Mind: Growth, Creativity, Curiosity; Body: Motion, Health, Nutrition; Spirit: Peace, Insight, Wisdom; and Community, Connection, Purpose, Legacy. Students can take classes ranging from guitar lessons and music theory to gardening and tai chi at WU.
“Communities are devoting square
footage to incorporate more opportunities for overall wellness—not just
physical fitness. There is a move toward more holistic care.”
John Falldine, Edgemere
Springs, an Erickson senior living community in North Dallas, recently opened a
new clubhouse, a new residential building, and its eighth restaurant on campus
so that residents have even more options for living, dining, and entertainment.
With three fitness centers, an events space, and a long list of
activities—including the resident-requested pickleball and an updated
woodworking shop—there is always something going on and plenty of activities to
for any senior living community today is very different from the customer a
decade ago,” says Christina Christie, director of sales for Highland Springs.
“There is a huge emphasis on wellness in our community and we have been
proactive in offering opportunities for folks to stay physically active and
mentally sharp—everything from outdoor yoga to disc golf. We also recently
opened our labyrinth—a space for residents to take time to reflect and
meditate. We want our residents to know that this community can be anything
they want it to be, as the majority of our programs are resident driven.”
By the end of
2023, Anthology of Highland Park will be welcoming to residents to its 11-story
boutique community that offers a range of care, including independent living,
assisted living, and memory care—plus an on-site, upscale restaurant that is
also open to the public. Homes are designed to mimic what residents are
accustomed to—just downsized for an easier lifestyle. Some units offer two
bedrooms, and every unit includes a kitchenette and washer and dryer—perks not
often in found assisted living communities. “We refer to the community as an
assisted living community because residents can live here and be totally
independent and not need any assistance yet, but may need assistance in the
future, giving them the ability to stay in their apartment,” says Sherye
Groebe, director of sales and marketing for Anthology of Highland Park. “Having
a kitchen and a washer and dryer helps them keep the independence they are used
to. There are also one-bedroom and studio units to meet a variety of needs.”
attributes the spike in demand for more senior living options to seniors
wanting more socialization and an easier, stress-free lifestyle. “I think in
the next five or so years, the ability to tour around North Texas and take your
pick of senior living communities may not be as simple as it’s always been;
options are limited as we get into these exploding demographics,” he says.
“It’s very important during the early planning process to make sure the senior
living community you choose suits your lifestyle and has a culture that
supports your values. People tend to think a retirement community is where you
just fade away—that’s definitely not what happens here.”
CC Young Senior
Living has made it a priority to listen to what their residents truly want to
experience, and this includes sophisticated dining options, a full array of
life enriching and engaging activities at all levels of care, and new additions
to the offerings such as technology and language classes, technology throughout
the campus and on-campus technology support. CC Young also offers continuing
education classes through the OLLI program at UNT as well as enrichment
programming. The Point & Pavilion, CC Young’s 20,000-square-foot enrichment
center, serves thousands of visitors each month—residents and non-residents—who
participate in all the programs. The Point includes an art gallery, a
meditation area, café, and more. Seven dining venues, a dedicated move in
coordinator, a fitness center, and massage therapy are only a few of the
offerings at CC Young.
recently transitioned from a large entrance fee a to a one-time community fee
and monthly rental fee that covers all maintenance, dining, and base utilities.
Falldine says Edgemere has incorporated all the latest trends in senior living,
including the addition of a more casual café for residents who want an
alternative to formal dining and will soon have an on-site medical clinic and
expanded sundry store that also offers Italian desserts and coffees. Overall
wellness is a focus at Edgemere—social, physical, intellectual, and spiritual.
“One of the most dangerous things for seniors living at home is isolation,”
Falldine says. At Edgemere, as well as at other senior living communities,
residents have much opportunity to stay busy and socialize. Residents are
embracing those opportunities and are thriving.”
The first step
to finding a retirement home is knowing which type of care you need.
Retirement Community (CCRC). This is a community that provides all levels
of care, including independent living, assisted living, memory care, and
healthcare or nursing care (sometimes called skilled nursing) in one community.
Living. This is often a choice for those who are active, independent, and
don’t need any type of health or daily living assistance. Residents typically
live in apartments and create their own schedules.
Living. This type of community provides housing options for seniors who
may need assistance with daily living tasks, such as dressing, bathing,
medications, meals, and activities. Fees vary depending on the level of
assistance required. Care can be increased or decreased as needed.
Care Home/Group Home. These are private homes that serve residents who
live together and receive care from live-in caretakers. Assistance with daily
activities is typically provided, and care is customized to each resident’s
needs. Because the resident-to-staff ratio is low, residents get more
one-on-one, personalized care.
Care/Alzheimer’s Care. These are secure communities that offer 24-hour
support with a specifically trained staff that specializes in caring for
patients with dementia or other types of loss of memory or Alzheimer’s disease.
Structured activities and assistance with meals and healthcare and daily tasks
are provided. Most communities have private pay and costs vary per month
depending on the level of assistance required. Medication management and
24-hour monitoring by licensed nurses and caregivers are typically included in
Care/Skilled Care/Long-Term Care. Nursing care is typically designed for
someone who requires a high level of care for a short period of time, such as
recovering from a hospital stay or therapy services. Long-term care is for
residents who need a high level of care with complex medical conditions who
require a licensed nurse for a long period of time. Both levels offer around the-clock
care, meals, activities, and rehabilitative service under one roof.
By D Partner Studio
Lets Stay Together: Comparing Retirement Communities for Different Care NeedsBy: Country Meadows | Retirement CommunityCouples who have been together for decades have a deep bond and a desire to continue living together in a retirement community. When individual care needs vary, many retirement communities, such as Country Meadows, strive to support and accommodate these long-term relationships.Factors to keep in mind when comparing retirement communitiesLevels of care: Look for communities that provide various levels of assistance and support, such as independent living, personal care, memory support and skilled nursing, when comparing retirement communities. For example, if one member of a couple requires more assistance with activities of daily living, the retirement community may provide assistance with tasks such as bathing, dressing and medication management. At the same time, the other member of the couple may be able to live more independently and take advantage of social activities and amenities.Having several levels of care on the same campus can allow couples to continue living together while accessing the appropriate level of care for each individuals needs.Shared living: Inquire about policies regarding shared living arrangements for couples with different care needs when comparing retirement communities. Ask whether its possible for one partner to receive care and support within the same living unit or nearby, allowing the couple to remain together.Location: Consider the location when comparing retirement communities. Is it in a desirable area close to amenities, healthcare facilities and social activities? Think about your proximity to family and friends as well.Support services: When comparing retirement communities, consider the level of healthcare and support services available within the community. Does it have on-site healthcare professionals, access to medical care, assistance with activities of daily living and emergency response systems? Evaluate whether the community can meet current and future healthcare needs for both partners.Amenities and services: Assess the amenities and services offered when comparing retirement communities. Look for facilities offering things that are important to both individuals to meet varying hobbies and interests. These might include fitness centers, swimming pools, libraries, social and recreational activities, transportation services, housekeeping and maintenance. Determine which amenities are important to you and match your lifestyle.Dining options: Food is one of lifes great indulgences, so when comparing retirement communities, also compare meal quality. How many meals are offered each day? Are snacks and guest meals available? Are various dietary needs accommodated? Make arrangements to have a meal at retirement communities you are seriously considering to, literally, get a taste of that lifestyle.Housing options: When comparing retirement communities, explore the range of housing accommodations available, such as all-rental apartments, villas, townhomes or cottages. Consider the size, layout and features of the units. Evaluate whether the accommodations suit your preferences, offer enough room for two individuals and any potential future needs, such as accessibility or modifications.Financial considerations: When comparing retirement communities, you may come across many financial models which may be confusing. Understand the costs involved with each care level, including upfront fees, monthly rental and additional charges for services or amenities. Review the financial stability of the community and consider long-term affordability.Emotional and spiritual support: At Country Meadows, on-staff chaplains offer counseling and services honoring various spiritual traditions. When comparing retirement communities, look for those that provide emotional support and counseling for couples to help navigate the challenges and transitions of aging together.Community culture and activities: Understand the community culture and the types of activities and social events offered when comparing retirement communities. Attend community events to get a sense of the atmosphere and the opportunity to engage with other residents. Determine if the community aligns with your interests and promotes an active and fulfilling lifestyle.Resident feedback and reviews: Seek out feedback from current residents and their families and read online reviews. When comparing retirement communities, these simple inquiries can provide insights into the experiences of those already living in the community.Staff and management: When comparing retirement communities, you will probably meet with members of the marketing and management teams during your initial visit. Be sure to note their friendliness, responsiveness and professionalism. Inquire about staff-to-resident ratios and the availability of co-workers for assistance and support.By considering these factors, you can make a more informed decision when comparing retirement communities to find one that aligns with both partners lifestyle, preferences and needs. Its important to visit multiple locations, ask questions and involve both partners in the decision-making process to find the best fit.Country Meadows has nine locations in Pennsylvania and one campus in Frederick, Maryland. We offer a wide range of services to serve a variety of resident needs including restorative care, rehabilitation, personal care and assisted living, memory support and independent living services. If you or a loved one are beginning the retirement planning journey and would like more information about our communities, please contact us today. Were here to help.Country Meadows
Talking to your parents about independent living communitiesBy: Country Meadows | cost of senior living, For Adult Children, Independent Living, Senior Living, senior living communitiesFor adults with aging parents, there are several difficult although necessary conversations that must be had around planning for the future. One of those conversations is about making the transition to senior living. And with multiple care factors to consider and a range of options for independent living communities to choose from, this discussion may seem all the more daunting. At Country Meadows, we have decades of experience in helping families make the right decisions for their senior living journey. Here of some ways to help ease into the conversation of planning for senior living.Find the right time and use the right toneWhen discussing sensitive subjects, especially ones so deeply personal, its best to enter the conversation knowing that it may not be easy for either yourself or your aging loved one. Be sure to find a time where there are no other distractions and you can sit down and have a meaningful experience. For instance, attempting to have this discussion during a family function or before an important event may cause clouded judgement as its already such a momentous time. If this is the very first time youll be having a conversation about independent living communities, these preparations can make all the difference in how your words are received. Its also important to understand there may be resistance from your parents or loved one when discussing independent living communities. If the discussion becomes emotional, be sure to stay calm while directing the conversation. Do your own research on independent living communitiesIts a good idea to walk into a situation prepared, and discussing independent living communities with your parents is no different. Researching amenities, activities and levels of available care if needed will help you provide solid answers when questions arise. Additionally, understanding the differences in pricing among the many independent living communities available will help you be realistic about what options are affordable. Once your parents are ready to be a part of the process, youll already be prepared for a more positive prospecting experience. Anticipate what your parents are looking for in independent living communitiesWhile your parents or elders may not have explicitly expressed what theyre looking for in a senior living community experience, there are reference points that can help you understand what they may need from independent living communities. For instance, gauging their level of independence will be important when it comes to determining the type of care that theyll need now or in the future and this may differ from what your parents feel their level of independence is. Knowing, however, what aspects within the independent living communities youre researching may bring a compromise between your points of view. This can help to keep these conversations respectful of what you feel is best and also what your parents wishes are. If you know that your parents are social, active or enjoy dining out often, leading your research with independent living communities that feature those amenities can be a great entry point. Be ready to have multiple discussionsRome wasnt built in a day, and its very likely that planning retirement wont happen in a single sitting either. There are many aspects that go into making a decision on senior living. Between the initial conversation, understanding the options available, visiting prospective campuses and financial considerations, there will be a lot of time invested in the process. Outside of these factors, the emotional aspects may leave you having to revisit this conversation with your loved ones either when theyre ready to think about independent living communities or when theyre willing to at least continue the discussion. Being able to listen and empathize will be very important in ensuring that everyone feels respected and heard.Ultimately, understanding your parents emotional needs in addition to their physical needs will be crucial in navigating these difficult conversations effectively. And when youre ready to make a decision on independent living communities, Country Meadows is here to help. With nine locations in Pennsylvania and one in Frederick, Maryland, Country Meadows has consistently been recognized as one of the best independent living communities for seniors. Not only are our independent living communities affordable, but theyre also designed for each resident to feel connected to neighbors while still having space all their own. Our campuses are pet friendly, as well, so residents can bring their furry friends along. In addition to independent living communities, Country Meadows also offers many different services including memory support, rehabilitation services, assisted living and personal care as well as restorative care options. With this comprehensive approach, our independent living communities are able to give a range of care to all residents. If you or a loved one are looking for more information on independent living communities or specifically more information on Country Meadows, contact us today. We can help you learn more about the services we offer, schedule a tour of our independent living communities and answer any questions you may have. We look forward to hearing from you.
Keeping Independent Senior Living Costs AffordableBy: Country Meadows | Independent LivingAs people plan for the future, one common goal among older adults is to maintain independence in the comfort of their own homes for as long as possible. However, life is unpredictable, and there may come a time when seniors find themselves in need of a little extra support with everyday tasks or simply crave companionship. Independent living is designed for seniors who are generally healthy and active, but prefer a community setting that offers convenience, social engagement with others and amenities such as meals or recreational activity programs. Independent senior living costs can vary widely based on several factors such as location, amenities, additional services provided and type of housing.Housing typeThe type of housing a senior chooses can significantly impact independent senior living costs. When seeking information on various types of housing, seniors will find options that may include apartments, cottages, condominiums or single-family homes. Larger or more luxurious accommodations typically come at a cost with higher fees.LocationParticular geographic areas can influence overall expenses. Independent senior living in urban or high-demand locations will have higher costs than those in rural areas, as is the case in private homes or rental properties. For example, independent senior living in New York City will come at a much higher rate than living in rural Pennsylvania.AmenitiesIndependent senior living costs often include a range of amenities and services such as fitness centers, activities programs, housekeeping, laundry and transportation services. The more extensive and upscale the amenities, the higher the cost may be. Consider which amenities are important to you and your loved one when choosing senior living accommodations.Meal plansSome independent living communities offer meal plans as part of their services. The cost of these plans can vary based on the number of meals provided each day as well as dining options available, such as special meals where premium menu items such as filet mignon or lobster are offered.Utilities and maintenanceIndependent senior living costs may include utilities and maintenance services in their fees, as is the case at Country Meadows Retirement Communities. Others may have separate charges for these services, which is why its essential to clarify items included in the monthly fee.Healthcare servicesWhile independent living is designed for seniors who are relatively healthy, some communities offer healthcare services or have arrangements with healthcare providers and vendors such as nursing agencies and medical specialists. Additional healthcare services may come with extra costs.Community fees and depositsThere are several different types of senior living communities, and with those come a wide variety of costs. A Continuing Care Retirement Community, also known as a CCRC, may require a large entrance fee for admission as well as a monthly charge to guarantee service availability at every level of care. Other senior living facilities may require a community fee in addition to monthly charges. This fee may cover administrative costs, reserve funds or contribute to community improvements.Social and recreational activitiesAccess to social and recreational activities may be included in the monthly fee at some senior living communities, such as Country Meadows Vibe program. Some independent senior living costs might include higher fees for organized events, outings, entertainment, classes and fitness services.Transportation servicesTransportation services for medical appointments, shopping trips and social outings may be included in independent senior living pricing at some communities. At other locations, transportation services may be billed separately depending on a variety of factors such as distance and time of day.Security and safety featuresIndependent senior living costs typically include secured building entrances and 24-hour emergency response systems in private apartments. Additional security features which might incur higher fees are 24/7 medical alert systems and security personnel, which can significantly impact cost.Its crucial for seniors and their families to thoroughly review the costs of each community. Additionally, considering the long-term financial implications, including any potential increases in fees, is important when evaluating the affordability of senior independent living.Stop by one of Country Meadows Retirement Communities nine campuses in Pennsylvania or one in Frederick, Md., to pay us a visit. For information about any of our locations or services, or to ask a Question, please reach out to our expert advisors. Were here to help! Country Meadows
Our five-star CMS rated community is comprised of caring experts who help you or your loved one live life to the fullest. We invite you to visit The Vista and our Skilled Nursing, Long-Term Care, Respite, and Rehabilitation/Aquatics Center.
We are dedicated to enriching the lives of living with Alzheimers disease and other forms of dementia. Our team members are specially trained to empower residents to live as independently as possible. As a proud MUSIC & MEMORY Certified Care Organization, this important music program helps residents to reconnect with friends and family. Call for more information and schedule a time to visit The Vista and our Assisted Living Memory Support community.
Experience the convenience of a carefree lock and go lifestyle on our beautiful 20-acre campus nestled within a residential neighborhood across from White Rock Lake. Explore new opportunities - fun events, interesting groups and clubs, and wellness classes on campus. Not to mention, making new friends. We invite you visit and experience CC Young.