Senior Lifestyles Podcast

The potential of a financial upside for ownership makes the prospect of a second home even more attractive. However, thoroughly understanding these financial maneuvers is crucial to maximizing future returns and keeping your stress level down.

To learn more, download our complimentary eBook, "Your Second Home: Making the Dream a Reality"!

Download now: https://www.cantissimoseniorliving.com/second-home-e...

Fractional ownership of real estate is a type of property ownership that allows multiple parties to own a share or fraction of a property. This concept has gained popularity over the years as a way for people to invest in high-end properties without incurring the full cost of ownership. In this arrangement, each owner has a right to use the property for a specific period or a set number of days in a year. Fractional ownership can b...

It's common to think of acquiring a second home as a full owner. Nevertheless, there are also types of partial ownership where more than one person has rights to the real estate asset, and each individual owner can only stay for limited periods during the year.

"Partial" or "multiple" ownership means more than one person owns a home together. These people could be siblings, parents and their childr...

Can you realistically consider a rental to be a second home? The answer is "yes!" Just as primary residence renter (e.g., houses or apartments) consider their abodes to be home, there is also the option of renting your second home.

Many assume a second home means purchasing a house, condominium, or mobile/manufactured home. However, there are those who have long-term rentals that they call their second home. In t...

Owning a second home has become an increasingly popular trend, especially among those who enjoy the benefits of a vacation property or a weekend getaway. There are many reasons why people decide to invest in a second home, such as to have a place to escape the hustle and bustle of city life, to generate rental income, or to simply have a place to relax and unwind. But with so many types of second homes available, it can be overwhel...

Enthusiasm for second homes boomed during the COVID-19 pandemic due to the millions working remotely and low mortgage interest rates. While less favorable rates have cooled the market, many people continue to explore the prospect of a second home. It's common that a combination of reasons motivates interest in a second home. If you're curious about the second home option, it's important to understand the details of w...

Whew! You have finally moved into your new home. You'll be living out of boxes for a while, but hopefully, all the planning and effort paid off.

While putting up your feet for a well-deserved rest, take a few moments to think about how you'll adapt to your surroundings and establish new routines.

To learn more, download our complimentary eBook, "Navigating Medicare: Simple Idea, Complex Reality"...

Moving in your younger years probably meant simply recruiting a pickup truck-owning friend with the promise of pizza and beer. Now past age 50, moving takes on a bit more complexity. It requires forethought and planning to reduce the chance of a stressful experience.

Be careful not to overdo it on moving day. If your planning was effective, you'll be able to knock off for the day with everything unloaded, essentials u...

After a frank health assessment, you can decide which alternatives make the most sense for your situation.

• Home Healthcare
• Adult Daycare
• Assisted Living
• Skilled Nursing Care
• Memory Care

There are many options to consider when thinking about moving or staying put. Carefully assessing all the different angles will increase the possibility that your final decision is a good fit for you.

To learn more, download our complime...

So you've decided to move. Congratulations! You are about to embark on a great adventure. However, you have many more decisions ahead.

• Are you moving near to your current home or further away?
• Are you downsizing, upsizing, or maintaining similar square footage?
• Are you renting or buying?
• Are you adding a second home?
• What about timeshares or fractional ownership?

Overall, those moving to a new home later in life have many a...

There can be several triggers for considering a new home later in life. Among these, a health situation could urgently drive the question of where to live into immediate focus.

If you find yourself in this situation, the first step is to thoroughly assess your condition and the implications for your living situation. Consulting with medical professionals and family is crucial in this assessment. The result should be a livi...

For many, there comes a time in life around fifty years of age (or later) when the question arises: "How long am I going to live here?"

There could be several possible triggers for this question, including retirement, an empty nest, health problems, job transfer, living costs, and lifestyle choices. You may find more than one of these triggers comes into play for your situation.

Moving later in life can ...

Planning for long-term care expenses seems to involve a lot of wishful thinking for many. A survey found that about half of respondents said they had done little or no planning for long-term care expenses. One example of wishful thinking is that government programs like Medicare or Medicaid will pay long-term care expenses. Should you rely on Medicaid for long-term care? Pete Keers breaks it down.

To learn more, download o...

Among the many ways of paying for long-term care, life insurance and annuities have been growing in popularity. Are either of these options right for you to afford long-term care? Listen to Pete Keers break down these options and discover if they should be part of your plan.

To learn more, download our complimentary eBook, "Planning and Paying for Long-Term Care: What Are My Options?"

Download now: https...

Long-term care insurance can provide a great way to reduce financial risk. However, complex product alternatives require a thorough analysis so the consumer can make the best choice. In this episode, Pete Keers runs through the details of long-term care insurance as an option to afford long-term care.

To learn more, download our complimentary eBook, "Planning and Paying for Long-Term Care: What Are My Options?"

Unless one has long-term care insurance or can qualify for Medicaid, most people will need to tap all their assets to pay for long-term care. This may include the equity in one's home. In this episode, Pete Keers explains the four ways one can leverage home equity to finance long-term care.

To learn more, download our complimentary eBook, "Planning and Paying for Long-Term Care: What Are My Options?"

HSAs were primarily intended to soften the financial burden of healthcare expenses for HDHP account holders of all age groups. However, an HSA can be particularly advantageous in paying for long-term care expenses at age 65 or over. Is an HSA the right option for you to afford long-term care?

In this episode, Pete Keers explains why HSAs might be a good choice.

To learn more, download our complimentary eBook, &qu...

One popular option for those looking to pay for long-term care costs is existing savings, often in the form of pensions, IRAs, and 401(k)s. All financial resources available to potential recipients must be considered for long-term care planning. Knowing the details about subjects like tax treatment and other factors is essential to build a solid plan for handling these significant costs. This episode dives into the pros and cons of...

Regardless of how long-term care costs are covered, planning for these expenses is essential.  In this episode, Pete Keers breaks down why it is essential to create a plan for affording long-term care and the categories of options to consider.

To learn more, download our complimentary eBook, "Planning and Paying for Long-Term Care: What Are My Options?"

Download now: https://www.cantissimoseniorliving.co...