When seniors make the decision to move into a senior community, they do so with the hope and expectation that they have made the right choice. Select the wrong community, and the golden years may feel somewhat less than golden. Over the past year or so, John and I have spoken with a few clients who are considering a move to senior housing for themselves or a family member. Based on my personal experience dealing with my own family members, along with lessons passed on to us by clients who have gone through this journey, I am now in a position to share some of what we’ve learned.

Should we invest in the Magnificent 7? How much should we have in emergency cash? Answers to these questions and more, just a simple click away.

It’s the rare investor who doesn’t want to flee to safety during extreme market upheaval, and it’s difficult to argue with their reasoning: (a) retaining as much of their remaining assets as possible, and (b) retaining the ability to jump back into the markets when they stabilize. Unfortunately, however, fleeing the market and then returning at some ‘safer’ future date are the hallmarks of market timing.