Expert Tips for Retiring and Relocating

From protecting assets to reducing clutter and selling a home, expert panelists shared invaluable insights and information.
July '23

Attendees at our recent panel discussion, “Making the Right Move,” were treated to breakfast hors d’oeuvres while panelists provided critical insights about relocating to a senior living community. Everyone walked away with actionable information for retiring and relocating.

If you weren’t able to attend the session, here’s what you missed:

Understanding CCRC Contract Types

First, Adam Manchester, Executive Director at New Pond Village, shared valuable information on the different types of senior living communities and the various contract types you should be aware of. The contract types include:

  • Type A communities with Lifecare, like New Pond Village, have predictable care rates for life.
  • Type B communities have limited free care days, with additional care billed at market rates.
  • Type C communities have fee-for-service care at market rates.

Benefits of a Lifecare Community

Next, Michael Graff, Financial Advisor at ProIncome, talked about the many opportunities of Lifecare and tax and estate planning. He explained that Lifecare presents residents with unique financial considerations and outlined two essential steps that you must take when moving to a continuing care retirement community (CCRC):

  1. Leverage your assets for your lifestyle needs appropriately.
  2. Ensure the assets will be transferred according to your wishes.

Real Estate Tips

David Derian, Real Estate Broker at Berkshire Hathaway, shared tips for getting your house ready to sell and making it stand out in today’s competitive market. Key steps include:

  • Decluttering and disposing of unnecessary belongings.
  • Painting and touch-ups.
  • Deep cleaning.
  • Complimentary lighting.
  • Staging furniture.

David also recommended getting professional photographs to make your home look its best on the web, explaining that 94% of buyers use the internet to research homes and decide which ones to visit.

Declutter and Simplify for a More Joyous Retirement

Jane Kiegel, Move Manager at WayForth Move Management, further emphasized the benefits of decluttering and downsizing, explaining that the process can bring peace of mind and provide an opportunity to focus on what brings you the most joy in life. She provided a flow chart of things to ask yourself to help make downsizing easier. Answering the following questions should help you decide whether to keep, trash, gift, donate or sell the item.

  • Do I love it?
  • Do I need it?
  • Do I use it?
  • Can I repurpose it?
  • Can someone else use it?
  • Is it worth money?
  • Does it fit?

Finally, Teresa Curtis, Interior Designer at Curtis Rowe Interiors, offered advice on floor planning and discussed finding the perfect arrangement for your belongings with the idea of bringing joy to your home.

The Knowledge to Help Make Your CCRC Journey Easier

Following the thought-provoking presentation, the panelists generously made themselves available for a Q&A session where attendees could get answers to their specific questions. Panelists distributed informational materials and handouts to ensure everyone left the session armed with practical knowledge.

At New Pond Village, we understand the importance of easy-to-access information to help you navigate and plan your future more effectively. That’s why we regularly schedule sessions like “Making the Right Move.” We want to make the journey easier for you every step of the way!

After each on-campus event, we invite you to chat with sales counselors, take a private tour of the community, explore our beautiful apartment homes and meet some of our warm and welcoming residents. It’s a wonderful opportunity to get a firsthand feel for the New Pond Village experience.

Explore more of what New Pond Village has to offer.