Patricia Vargas, Author at Lakeview Village - Page 2 of 3

Posts By : Patricia Vargas

Investing for the Next Generation

The “conventional wisdom” of investing in your retirement years is to become more “conservative” as your age increases.  Formulas, such as limiting your percentage of investments in equities (stocks) to a number calculated by subtracting your age from 100, have been commonly used.  But as any Certified Financial Planner (CFP®) will tell you, each individual or family is unique, and these “rules of thumb” are often what you DON’T want to follow!  Personally, at age 72, about 95% of my modest wealth is invested in stocks.  Insane, you may say, but hear me out.

Many seniors make the mistake of assuming they will need all of their assets to support their lifestyle for the remainder of their lives.  For many this may be true, but if you are a typical Continuing Care Retirement Community (CCRC) resident, there may be a significant portion of your wealth available to pass to the next generation.  In this case I would argue the “conservative” investment philosophy is tantamount to robbing that future generation of significant wealth.

Incidentally, being able to maximize the wealth passed to the next generation is another benefit of living in a CCRC like Lakeview Village.  With the major financial risk of long term care expenses mitigated through the LifeCare contract, future financial needs are much easier to forecast, and a CFP® is in a much better position to help you determine what portion, if any, of your wealth might be available for the next generation (or for a charitable cause for which you have a particular passion).

The logic for “conservative” investing in later years is a sound one, assuming the principal of your investments will be needed to support your lifestyle.  Stock market prices are volatile, and you don’t want to sell a lot of stock shares when the market is down.  But what if your lifestyle requires only the earnings (interests, dividends and price appreciation) of your investments?  Research studies have shown that so long as the amount you withdraw each year from your investments is modest (at most 4% to 6%), the principal, if wisely invested, should continue to grow over the long term. 

So while even a diversified group of stocks may be subject to significant, short term fluctuations in market value, if you are managing the rate of withdrawal (which may require you to sell stock shares from time to time) the short term changes in value are of little concern.  You are still keeing the vast majority of your shares, so that when the market “recovers” value, those shares will recover also. To put this into perspective, the longest period of time the stock market has taken to recover its former value is about 4.5 years, and many patient investors have demonstrated the ability to endure this short term “pain” in order to get the long term gain.        

Now consider the impact of the investment planning suggested above; that is, identifying an amount of wealth that might be available to the next generation, and investing that “wisely” rather than “conservatively”.  If you invest only in C D’s, Money Market funds, etc., you will be fortunate to even keep up with inflation!  This means you will be invading the principal each time you withdraw funds to support your lifestyle, and the danger of outliving your money becomes a real one!

But if your needs require only 4% to 6% of your investment balances to be withdrawn each year, investing in stocks has the potential (based upon history going back to 1926) of earning 5% to 7% above historic inflation (which has averaged about 3% over that same timeframe).   For example, if you have an investment of $500,000 which you plan to pass to the next generation, and that passage is delayed 15 years, even at an average 5% annual rate, that $500,000 grows to over a million, double the purchasing power of that money!  

Still want to keep all your money in C D’s?  You might want to call your CFP® for a better plan!       

Lakeview Manager’s Fun Events Encourage Community, Vanquish Boredom

Chinese New YearSince Shellie Sullivan came on board as community life manager about seven years ago, residents at Lakeview Village have come to expect a full schedule of fun, even fantastic events. Armed with a hospitality background, the former teacher and Lakeview volunteer puts her experience and energy to work orchestrating events that range from wine tasting to casino parties.

 “Anything that goes on here, Shellie helps with and you know it will be fun,” said resident Barbara Joiner. “You can’t be bored at Lakeview unless you want to!” read more

Why Lakeview LifeCare? Peace of Mind, Fun Times

It might be an understatement to say Lakeview Village resident Ken Smith has a full dance card. He’s part of a book club, volunteers for various organizations and is admittedly coming to the realization that he must pass on events more often because he has more social options than time to do them all. It’s a nice problem to have and quite different from his situation a little more than two years ago, when Smith was spending the lion’s share of his time alone, reading or performing tedious maintenance on an aging and oversized home. Still, all the rediscovered fun and fulfillment is not the primary reason Smith is happy with his decision to move into the Kansas community two years ago—at best, it is a distant second best to the peace of mind he gets from the community’s LifeCare contract. 

“What I feel best about is the lifelong healthcare,” Smith said. “I don’t have to worry about healthcare if I can’t be independent anymore at some point. My son and my family don’t have to worry about it. I’m so happy to be able to tell him he doesn’t have to worry about taking care of my health if I ever have a fall or become ill. I’m going to be OK.”

read more

Not Your Cookie Cutter Grandma
Eunice Litchfield

Eunice Litchfield

During her days as an elementary school teacher, Eunice Litchfield maintained control of her classroom. Now in her retirement years, Eunice continues to take charge of her life.

In 1998, Eunice made one of her best decisions. She packed her belongings and moved to Lakeview Village.

“I didn’t want my kids to worry about me and I didn’t want the troubles of maintaining a home,” says Eunice. “I’m glad I made the decision on my own.”

Eunice also made a decision to be a participant in everything available to her.

“I involve myself in as much as I can,” says Eunice. “I feel if you’re bored, it’s your own fault.” read more

My Lakeview Village Skydiving Experiences

By: Don Simmons, Lakeview Village resident 

It never, ever crossed my mind that someday I would be jumping out of a perfectly good airplane at 14,500 feet while living at a continuing care retirement community.  But I’ve done it—twice: The first time was on Oct. 10, 2013, and again this year on Sept. 27.  I was so enthralled, spellbound and awestruck with last year’s skydiving event that I wanted to repeat the experience.  So I was a participant along with seven other residents and staff members at Lakeview Village’s event to raise money for its “Good Samaritan Fund.” The fund assists residents who have outlived their financial resources and can no longer afford the full cost of their monthly fees through no fault of their own.

Don Simmons, gearing up before the jump

Don Simmons, gearing up before the jump

This year, my son, two daughters and my son-in-law were also able to jump with me. This year’s jump was not a perfect carbon copy of last year’s skydive in several ways.  As I was sitting there on the bench waiting, I did not have the previous butterflies and the same apprehension of the unknown like I did last year.  Having conquered most of my fear of the freefall, I was ready and didn’t feel scared of jumping out the open door.  I sort of felt a little more relaxed and was better able to enjoy the whole experience. This is not to say that I didn’t enjoy last year, I just felt a little more comfortable the second time around. 

When we were still ascending in altitude, we happened to be looking out our side windows and noticed a turkey vulture or buzzard that came within about a foot of getting hit by the wing tip of our plane but didn’t.  It was at about 1,000 to 1,500 feet up and we were surprised to see the bird up at that altitude.

The Jump

There was a small light fixture up on the side above my window with two colored lights, a red color and the other just a clear color.  Once the red light came on, it was time to jump.  I have no answer why it was red and not green (which means GO to me).  When the red light came on, the four solo jumpers jumped out, one at a time and then, since I was the closest to the door, it was my time to jump. Even at 9,000 feet, I could not make out structures on the ground, not even the airport.  When we started rocking our bodies back and forth at the open door and counting down, 3 – 2 – 1 – and jump, I wasn’t able to have any leverage to spring and jump out the door so we just did a summersault on my left side but everything turned out OK.  So again, I did one of my famous or infamous unconventional and unplanned 360-degree summersault. Also I forgot to yell out “Geronimo” again, for the second time. 

Of course there still was that rush of adrenaline and excitement going out the open door. The temperature at 14,200 feet wasn’t as bad as it was last year.  With the ground temperature at 80 degrees, the temperature at 14,200 feet was 50 degrees (30 degrees colder) and falling at 120 mph, made the wind chill feel like 37 degrees. The tremendous wind pressure sure did push the goggles very hard against my forehead but it really did not hurt me that much.  And again there was the same experience of the wind rushing into my nose.  My ears did close up this time due to the increase in atmospheric pressure, similar to the rapid descent in coming down in an elevator in a tall skyscraper.  All I had to do was to take a hold of my nose and close my mouth and blow. 

As soon as we jumped, the drogue chute popped open and the freefall of 9,000 feet lasted about 60 seconds, but it did not seem as long as it did last year. But everything was happening in the freefall in such fast motion, you had to keep your focus on what you were told.  Once we reached an altitude of 3,200 feet, I reached back on my right side and pulled on a small ball attached to the cord to open the main parachute. Then there was one gigantic and powerful jerk when the chute opened and we could talk to one another.  I took a hold of the two hand controls and we made several right and left turns and some circles by just pulling down on either the right or left-hand hold. 

Lakeview Village employee Matt Messbarger snapped this picture mid-skydive!

Lakeview Village employee Matt Messbarger snapped this picture mid-skydive!

It was an extremely beautiful sunny day even with the clouds and we were still thousands of feet above the clouds. Some of our jumpers were able to go through some clouds even though it is sort of dangerous because of the limited visibility.  You can’t really see very good and you don’t want to accidentally run into your fellow skydiver.  But I bet those fortunate jumpers felt like being “on cloud nine.”  A couple of our skydivers were able to see a complete circle rainbow close to the clouds.  One of our jumpers was able to go through the middle of the rainbow!  When I got closer to the ground, I could finally make out the physical structure of various buildings and then finally I spotted the airport and landing strip.  As we approached closer I could see the people below and started waving and yelling to them. 

We made a perfect landing right on target with our feet extended straight out in front of us, touching down on our rear and without being dragged hardly any distance at all.  The whole experience of skydiving was over in about seven minutes.  It is not easy for me to come up with the right words to exactly describe the experience but I will give it my best try.  Emotionally, it was an amazing, incredible, thrilling, exciting, jubilant, elated, ecstatic, exhilarating, fantastic, euphoric, and a triumphant experience to me when it was all over.  And on another level, I was moved by some sort of spiritual dimension, it was like being in seventh heaven: it was celestial, divine, saintly, sacred, supernatural and magical.  To stand there on the threshold of that open door and look out and over the Earth—such an impressive, breathtaking and awe-inspiring view—I couldn’t help but feel inspired by the power of God, and the reverence of God’s gift of our world. 

Skydiving is certainly not an ordinary experience one has everyday.  I was able to fill my outdoor adventurous spirit once again and achieved another sense of accomplishment. And, of course, it was especially fun and gratifying to have my family jump with me, an incredible and memorable moment of elation and delight that will stay with me the rest of my life.  Also it was great to enjoy the fun participating with other Lakeview Village residents and the camaraderie between all of us and the Skydive Kansas City Company’s professional skydivers.

The Lakeview Village Skydive Club!

The Lakeview Village Skydive Club!

Residence Feature: The Garden Cottage

Once you’ve made the decision to move to Lakeview Village, the fun begins! It may have been decades since you’ve last moved into a new home; selecting your own floor plan and finishes can be an exciting process. Lakeview Village offers a variety of residence options to fit your unique preferences. From apartment homes to patio homes, Lakeview Village has homes that fit almost any lifestyle.

One housing option at Lakeview Village is a Garden Cottage. These cottages feature floor plans that range from a cozy 800 square feet to a spacious 1,325 square feet. We call them cottages because it truly brings to mind a vision of what these charming homes have to offer. read more

Why Choose Lakeview Village? The Neighborhood Feel.

At Lakeview Village, no one is spending their retirement sitting home alone, twiddling their thumbs. Residents are too busy taking advantage of all that our 100-acre neighborhood in suburban Lenexa, Kansas, has to offer. Our active seniors are often spotted loading their trunks with golf clubs, heading out to continuing education classes or tending the community garden; they enjoy all the benefits of a worry-free retirement here because they no longer have to burden themselves with mowing a yard, shoveling snow or keeping up with other pesky home improvement projects.  read more

Introducing the Patio Homes!

If you’ve visited Lakeview Village recently, you may have noticed that there’s a bit of construction going on. It’s an exciting time for us at Lakeview Village – we’ve broken ground on our brand-new patio homes!

The new energy-efficient European design features a spacious two-car garage, zero-step entry, a landscaped yard, generous patio, two bedrooms, two baths, a separate office, a large walk-in closet, vaulted ceilings, gourmet kitchen, hardwood floors, optional basement finish, and much more in an airy, open floor plan.

We’re starting to see some real progress on the patio homes, and we’re excited to share this journey with you. Here’s a sneak peek at the journey – starting with groundbreaking. 

Glenn Dooley, Connie Andrews, Doug Himebaugh and Peg Himebaugh pose with their shovels at the Patio Homes groundbreaking. (photo credit: Jim Maidhof)

 

The whole team came out for the groundbreaking – from left: Matt Wild, architect with Gastinger Walker Harden + Bee Triplett Buck; Matt Nierman, facilities manager at Lakeview Village; Jamie Frazier, president and CEO of Lakeview Village; Glenn Dooley and Connie Andrews, future Lakeview Village residents; Doug and Peg Himebaugh, future Lakeview Village residents; Colette Panchot, director of sales and marketing at Lakeview Village; Larry Maxwell, president of City Builders. (photo credit: Jim Maidhof)

 After the first week or so of construction, you can start to really see the patio home taking shape. Here are images of the driveway, footing, and rebar for structural support. 

The path for the driveway (photo credit: Doug Himebaugh)

 

It’s a rebar forest! (photo credit: Doug Himebaugh)

 

The floor plan is all laid out. (photo credit: Doug Himebaugh)

 The  Himebaugh’s next trip to see the property showed a dramatic change:  instead of just rebar, there were walls.  

(photo credit: Doug Himebaugh)

 Keep checking back for more updates on the patio homes construction – we can’t wait for you to see the finished product!

Special thanks to Doug Himebaugh for providing photographic updates. 

Residence Options at Lakeview Village

As a continuing care retirement community, Lakeview Village has a variety of housing options for residents—from independent living to skilled nursing care.  Today, we are going to kick off a series of blogs that will introduce you to the variety of options you can choose from when you decide to move to Lakeview Village.

Lakeview Village has eight different areas on the campus: Eastside Terrace, Heritage Place, Gardenview, Centerpointe, Northpointe, Southridge, villas, and cottages and duplexes.  You can view a map of the campus here.

The first housing option we’ll start with is the independent living option. Independent living residences make up the majority of our housing options, and range in size from apartments to villas. read more

How Does Your Garden Grow? Winners Announced!

Lakeview Village staff, residents, and children in the Child Development Center have been hard at work all summer, nurturing their gardens so they can enter their harvest into the “How Does Your Garden Grow?” competition!

Contestants entered their homegrown veggies into four contest categories: biggest tomato, biggest cucumber, biggest zucchini, and most colorful plate of tomatoes.

The categories were announced early in the season, and judging occurred on a rolling basis; whenever the contestant thought their veggie was ready to take the prize, they simply brought it to the Living Well staff, who weighed the vegetable and took a photo of it. All entries had to be in by Sept. 1, at which point the winners were named!

Without further ado, here are the winners:

The Care Center Residents won the prize for “Biggest Tomato.” Their tomato weighed in at a whopping 23 ounces!

Care Center 23 ozs tomato

The prize for “Most Colorful Plate” went to the Child Development Center:

Most Colorful Plate

That sure is one brightly colored and healthy plate!

 

“Biggest Zucchini” was awarded to Lakeview Village staff member Terry, whose zucchini weighed in at 3.3 pounds!

Terry Zuchinni 

Faith Sterling, a teacher at the Child Development Center, won the “Biggest Cucumber” award when she grew a 2.27 pound vegetable!

This isn’t Lakeview Village’s first go-round with gardening. Lakeview Village boasts an impressive community garden, and they recently partnered with The Giving Grove to provide an opportunity for students in the Child Development Center to learn about where food comes from and how to grow fruit. The 13 fruit trees and bushes that were planted will help feed the community and local needy through The Giving Grove’s program.

For more information about Lakeview Village, contact us!