Milwaukee Magazine | Senior Living in MKE

Cedar Community announces a new definition of distinction for adults 55 and better–The Lofts at Cedar Lake. Maintenance-free, private residences ranging in size from 1,100 to 2,000 square feet offer the opportunity to enjoy, explore, and embrace your best life.

Located on Cedar Community’s 245-acre wooded campus, the independent living residences offer secluded, lake country living within minutes of shopping, fine dining, entertainment, cultural events, an award-winning farmer’s market, and so much more!

The Lofts at Cedar Lake are nestled in the natural beauty of the Kettle Moraine—surrounded by lakes and prairies, hiking trails, and forests—all providing a picturesque landscape. Enjoy the beauty of the changing seasons and the wildlife that abounds. Every detail, design, and interior finish is selected to provide comfort, peace, and spaciousness. Preconstruction benefits are available for a limited time only!

Renderings provided by EUA

Senior Living IN MKE

Retirement Communities

CLEMENT MANOR

For over 40 years, Clement Manor has been providing exceptional care to seniors in Greenfield. Sponsored by the School Sisters of St. Francis, Clement Manor offers independent living, assisted living, memory care, skilled nursing and short-term rehabilitation. It has a robust activities program for every area on campus. The campus includes a salon, a warm-water therapy pool, outdoor patios, fitness center, café and more. Its Lifelong Learning program, the Center for Enrichment, offers year-round classes for seniors and residents covering many topics, like literature, music, history, travel, spirituality and more. Clement Manor also has a concierge team that helps smooth the transition for new residents as well as those moving internally among its different communities. Clement Manor is recognized annually by U.S. News and World Report with a five out of five rating for senior care. It will also cover the moving expenses of new residents who move in before March 31. clementmanor.com

CEDAR COMMUNITY

Cedar Community is woven into the prairies, waterways and forests of Wisconsin’s beautiful Kettle Moraine. Located in Washington County near West Bend, Cedar Community offers a variety of active lifestyle options for those over age 55, including independent living homes, apartments and loft residences. Assisted living, skilled nursing care, short-term rehab, and home health and hospice services all are available. Cedar Community offers many amenities and social opportunities for those who want to enjoy, explore and embrace their best life – music and choral opportunities, book clubs, state-of-the-art fitness centers, social events, art studios, salon and spa services, restaurant-style dining, an indoor pool and spa, and much more. Says one resident, “It is literally like living on a cruise ship – everything you may want to do, learn, eat or experience is available to you!” cedarcommunity.org

From financial planning to finding the right retirement community, consider this your guide to aging well.

THREE PILLARS SENIOR LIVING COMMUNITIES

Since 1905, Three Pillars Senior Living Communities has served thousands of seniors and their families on their nearly 300-acre wooded campus in Wisconsin’s beautiful Lake Country. The not-for-profit offers a full continuum of care – through active adult, catered living, assisted living, skilled nursing and rehab and a wellness program. In the spring of 2021, Three Pillars started work on a nearly $125 million expansion, which includes a remodel of its skilled nursing community and the expansion of its assisted living community. Over the next few years, Three Pillars plans to double the community’s size. This expansion involves more memory care suites, with a state-of-theart resource center, along with four different types of active adult living options. The new destination will feature a performing arts center, theater, expanded wellness spaces, a pub, restaurants and more. threepillars.org

SAINT JOHN’S ON THE LAKE

Located in the heart of the vibrant East Side, Saint John’s On The Lake is a premier senior living community in Milwaukee. The central location is a short distance from many of the city’s cultural landmarks, including the Milwaukee Art Museum, Pabst Theater and many more – not to mention the phenomenal views of Lake Michigan from the community's towers. Saint John’s has been a pioneering retirement community in offering “person-based care,” a philosophy that prioritizes the wishes of the residents. This includes a resident-elected, 21-member council that directly participates in planning programs at Saint John’s. The community’s towers offer spacious apartments with great views, as well as fitness classes, group outings, exhibits, lectures and even a satellite location of the Museum of Wisconsin Art. saintjohnsmilw.org

Planning Ahead

Caring for Cataracts

A cataract is typically the result of age-related clouding of the natural lens inside the eye and affects eight out of 10 people by age 80. Treatment involves surgical removal and replacement with an intraocular lens implant (IOL) to restore focusing ability, depth perception and peripheral vision.

“All IOLs can improve vision with glasses after surgery; the specific type determines how well you will see near, far or both without glasses,” says Dr. Brett Rhode of Eye Care Specialists ophthalmology practice, whose team performs advanced ultrasonic small incision cataract removal. “Monofocal IOLs have a single prescription power to provide clear vision without glasses at one fixed distance. So if your monofocal prescription is set to see far, like for driving, you will need glasses after surgery to see near, and vice versa. Advanced technology IOLs (toric, multifocal, etc.), however, can reduce dependence on glasses after surgery by correcting astigmatism and/or providing usable vision at multiple distances. We even have a new Light Adjustable Lens [LAL] that allows patients to preview and make adjustments to their prescription after their surgery.”

Advanced IOL capabilities are not considered a medical necessity, and therefore have out-of-pocket costs over and above what is covered by Medicare or insurance. “My partners and I work with each patient to decide which IOL will best fit their vision, eye anatomy, lifestyle, expectations and budget,” says Rhode.

Krause Funeral Homes helps craft personalized celebrations of life. Mark Krause says one of the best ways to ensure your funeral is the way you want it is to plan ahead. Krause is the third generation of his family to run Krause Funeral Homes, the largest funeral service provider in Wisconsin. He works with people ahead of time to design customized funerals that incorporate music, décor, readings, photos and other personal touches. “We want to make an environment where people feel comfortable,” he says. In service of that goal, Krause’s visiting rooms resemble a living room, with open space as opposed to the traditional rows of chairs. There are also a banquet room and bar to facilitate discussion. “Planning ahead allows you to make your funeral how you want it, and ultimately to make it more meaningful for your family,” Krause says. krausefuneralhome.com

• We’re the exclusive local provider of the Cremation with Confidence™ Guarantee

• To help families relax, we were the first funeral home in Wisconsin to host receptions.

• Our Grief Therapy Dog gives comfort to hurting families.

Mark

Inflation and Retirement

We spoke with Andy Burish, the managing director of The Burish Group at UBS, about what you need to know when considering retirement.

HOW IS INFLATION AFFECTING THE INVESTMENT MARKETPLACE?

Inflation expectations are driving up interest rates. We’re coming to the end of what we call “negative interest rates,” where you could borrow money at near-zero rates. If inflation stays above 3%, then interest rates have to be higher than it. For the last 20 years, inflation was below 2%. We ended 2021 at 7.5%, and I’ll bet we’re going to be around 7 or 8% this year. The stock market doesn’t like inflation, especially over 4%. Once inflation causes rent to go up, higher insurance rates, those things are never really cut again. They become structural.

COULD IT HARM RETIREMENT PLANS?

Absolutely. Investors have to keep up with the cost of living. You have to plan for inflation. For the last 20 years, it wasn’t a big factor. Now with inflation back above 3%, it is a big factor. So people have to invest differently. They have to invest a portion of their assets in something that keeps up with inflation, like real estate or dividend-paying stocks. Those are just two examples of inflation assets that provide cash flow. With those, you're getting a cost-of-living adjustment.

WITH

THAT IN

MIND,

HOW DOES UBS’ WEALTH MANAGEMENT TEAM HELP CLIENTS INVEST AND PREPARE FOR RETIREMENT?

One way is we make sure our clients have two to three years of liquidity and non-correlating assets like alternative investments and private markets. In other words, our clients look at how much they live on. They put two years’ worth of living expenses into something that’s not a risk, whether that’s a money market account or a savings account or Treasury bills. The rest of the money, they can invest for longer-term growth. If you have that two years or three years of cash available, then that’s usually enough time so that you’re not forced to sell any of your stocks or bonds or real estate if we hit a down market. ◆

Alternative Investments US of UBS Financial Services Inc. provides investment management services to qualified high net worth and institutional clients. Eligibility requirements begin, generally, at a net worth greater than $1.5 million for individuals (with spouse) and $5 million for entities. This is not an offer to purchase or a solicitation to sell any security. Investors should be aware that alternative investments are speculative, subject to substantial risks (including the risks associated with limited liquidity, the use of leverage, short sales and concentrated investments), may involve complex tax structures and strategies, and may not be appropriate to all investors. Alternative investments may be illiquid, they may not be required to provide periodic pricing or valuation information to investors, there may be delays in distributing tax information to investors, they are not subject to the same regulatory requirements as mutual funds, and they may be subject to high fees and expenses, which will reduce profits. Alternative investments are not deposits or obligations of, or guaranteed or endorsed by, any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation, the Federal Reserve Board or any other governmental agency. They should not constitute an entire investment program. As a firm providing wealth management services to clients, UBS Financial Services Inc. offers investment advisory services in its capacity as an SEC-registered investment adviser and brokerage services in its capacity as an SEC-registered broker-dealer. Investment advisory services and brokerage services are separate and distinct, differ in material ways and are governed by different laws and separate arrangements. It is important that you understand the ways in which we conduct business, and that you carefully read the agreements and disclosures that we provide to you about the products or services we offer. For more information, please review the client relationship summary provided at ubs.com/relationshipsummary, or ask your UBS Financial Advisor for a copy. © UBS 2022. All rights reserved. UBS Financial Services Inc. is a subsidiary of UBS AG. Member FINRA/SIPC. Expiration: 11/30/2023 Review Code: IS2206643

MD Michael

MD David Scheidt, OD Daniel Ferguson, MD Daniel Paskowitz, MD, PhD