Summary of IPA Planning Sessions Jan, 2018

Our first round of IPA meetings were held Jan 30/31. 55 of our 74 Founders were able to attend. We’ll meet for the second round late in February.

Steve Shields (Action Pact) reviewed the integrated pre-feasibility analysis (IPA) process. The process will produce a detailed plan of the project including pro forma, budget, renderings, financial benchmarks, and a schedule.

Action Pact led us through complex discussions of various business model possibilities (for-profit, not-for-profit, self-owned land company, separate operating company, etc.) with the goal of helping us determine the best way to secure the funds we need to move forward.

We looked at photos and floor plans of Household Model residences that AP had done, with AP asking what we liked/didn’t like as we looked at them. They asked us to individually put together collages of photos (from magazines and websites) of interior and exterior design features that appeal to us, and to bring these to the next IPA session.

AP took several straw polls: Who would be ready to move in in 3 years? Who preferred and/or was willing to live in urban, suburban, or rural environment? Who wanted 3-bedroom/2-bedroom/1-bedroom/studio residences.

Based upon these discussions AP will come to the 2nd set of meetings in February with estimates to help answer questions of how many living units on how much land on what schedule will be required to fund “common amenities” including Household Model units and a community/dance facility. Possible phasing of types of living units (independent living, assisted, and skilled nursing care) will be addressed.

Our First Newsletter!

TTMADRS Newsletter v.3 jan2018

If you didn’t receive this via email, leave your name and email address in the Contact Us section and we’ll put you on our mailing list for future issues. Share this widely; we want to spread the word.  If you have a suggestion for a new name for us, leave your ideas in the Contact Us section.

Benefits of Dance, Music, Creativity and Social Contact

Here’s a NYT article with good information about aging well, including dancing.

And this article is specifically about the effects of contra dancing. ” A new study that compared the neurological effects of country dancing with those of walking and other activities suggests that there may be something unique about learning a social dance.”




Reference Guide to all CCRCs in N.C.

Here’s a link to an incredibly informative Reference Guide from the NC Insurance Commissioner’s office, comparing ALL the licensed CCRC’s in the entire state!
You probably don’t want to peruse all 99 pages. These are the pages we identified as most useful in the 2016 guide; we think they are numbered the same in this year’s version:
pdf pp. 4-8: explanation of terms
pdf p 9:  map and names (with reference numbers) of all NC CCRC’s
pdf pp 68-71:  summary of contract and refund options
pdf pp 71-74:  summary of other services and features
To find an individual CCRC pdf page, add 9 to its map number.
We recommend that you check the map on p. 9; look at and compare the ones in Durham, Chapel Hill, Raleigh, and perhaps Burlington and Greensboro, as well as Pennybyrn (#27, pdf p. 36), which uses the Household model.  In addition, the fee ranges on the individual pages can give you a sense of current local pricing.
When you click on the link it may automatically download the PDF to your computer, depending on your settings.

Dancing past retirement!

Here’s some serious silliness on a topic most of us don’t often sing and dance about. Please don’t be scared away by the caption; it’s lots of fun.

The Household Model and ActionPact

Our plans include a vibrant, musical environment where all of us can continue to enjoy the activities we love for as long as possible. We are also thoughtfully planning for the period of life when we slow down so much we need a lot of assistance. If you’ve ever been dismayed by the institutional, impersonal feel of many ‘nursing homes’ you may think that a retirement community is a sad and depressing place. The “Household Model” is a relatively new approach that we plan to implement. This comes from the website of Action Pact, the development group we’ve contracted with to guide the design process. That process begins in January, 2018!
“Each household has decision-making autonomy and is consistently staffed. Residents get up when they want, bathe how and when they want, go to bed when they want, eat when and what they want and decide how they will spend their day. Household life is “normal,” spontaneous and full of new experiences. Quality of Care and Quality of Life are of the highest and benefit from a symbiotic relationship.”

Rising Costs for Long Term Care

Some think that ‘aging in place’ is less expensive than living in a Continuing Care Retirement Community. Our research indicates it’s not necessarily so, especially when a CCRC is planned to be as affordable as possible. This article from the Raleigh News & Observer might be difficult to read, but it contains important information we all need to know in order to make informed decisions about our futures.

Now Accepting Donations of Stock, September 2016

TTMADRS is now able to accept donations of stock or mutual fund shares into a Schwab brokerage account. In some situations, there are tax advantages for donating appreciated shares instead of cash. Basically a person who wants to donate stock contacts Schwab (or their broker does), gives our name (“Triangle Traditional Music and Dance Retirement Society” in full) and what they want to donate. Please Contact Us with any questions you have about this process.

Market Study Update, September 2016

The market study has been completed and is quite positive and encouraging. We are now engaged in raising funds for the next stage of planning.