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Category: Rick Fine

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What Do I Need to Know About Continuing Care Retirement Communities?

June 11th, 2019 by

Last April, I began a seven-part series on CCRCs (Continuing Care Retirement Communities). Many of our clients were asking about retirement options and I decided CCRCs were a good place to start my research. In addition to reading about the subject, I spoke to senior living experts, CCRC administrators, and residents to ask them about […]

Protecting your legacy in case of an adult child’s divorce

May 10th, 2019 by

Recently, a client came to us with a problem. He had amassed a healthy portfolio and planned to leave it to his two children. He was worried that his daughter’s impending divorce might leave her portion of the inheritance vulnerable to her soon-to-be ex-husband. How do you protect your assets — and your children — […]

Is a CCRC worthy of having me as a resident? – Part 2

January 15th, 2019 by

Additional questions to help you decide if a CCRC is right for you In a previous article, I suggested questions to ask a CCRC finance team member about the community’s long-term financial viability to determine whether it’s the right place for you. Chances are, by the time you sit down with the salesperson, you’ve already […]

The Importance of Creating a my Social Security Account

November 14th, 2018 by

For at least a year now, Sensible Financial has been advising its clients to create and then “lock down” their my Social Security Account. This account is located on the Social Security Administration’s web site, www.ssa.gov. Since September 29, 2018, your my Social Security account has been the only way to apply for Social Security and Medicare benefits online. Whether you are creating this account, or logging into an account you previously created, the web site […]

Is this CCRC worthy of having me as a resident?

November 14th, 2018 by

Click here to see my previous articles on CCRCs. Part 1 – How financially strong is the community? When our clients consider moving to a Continuing Care Retirement Community, they usually ask the advisor whether they qualify financially. It’s equally important to determine whether the CCRC under consideration is financially qualified to have them as […]

Am I Eligible to Live in a Continuing Care Retirement Community? Part Two (Part 5 of 7)

September 21st, 2018 by

In my previous articles on Continuing Care Retirement Communities (CCRCs), I described the amenities these communities offer, what it’s like to live in one, the various types of contracts, and explained the difference between affordability and eligibility. In this article, I will give a concrete example of the latter. Introducing Martha, a CCRC applicant Here […]

Am I eligible to live in a Continuing Care Retirement Community? (Part 4 of 7)

August 27th, 2018 by

In my previous articles on Continuing Care Retirement Communities (CCRCs), I described the amenities these communities offer, what it’s like to live in one, and the various types of contracts one can purchase. In this article, I will describe the application process and how a CCRC determines if you qualify for residency. The application process […]

The ABCs of CCRC Contracts (Part 3 of 7)

July 27th, 2018 by

In my previous articles on Continuing Care Retirement Communities (CCRCs), I described the amenities these communities offer and what it’s like to live there. In this article, I’ll explain the contractual options for residents and the implications of each choice. First things first Before we explore CCRC contracts, let’s discuss the differences between health care […]

What Is It Like to Live in a Continuing Care Retirement Community? (Part 2 of 7)

May 30th, 2018 by
CCRC Continuing care retirement communities sensible financial

This is part 2 of a multi-part series on CCRCs. To read the first installment, click here. “I don’t know if I could live there. Everyone seems so old.” I’ve heard this comment occasionally from clients after they’ve visited a Continuing Care Retirement Community (CCRC). I mentioned it to the marketing director at a CCRC […]

Continuing Care Retirement Communities: Growing Old—In Style (Part 1 of 7)

April 11th, 2018 by
Continuing care retirement community sensible financial CCRC

Ever since I hit {age redacted} I’ve had more thoughts about my future and about aging in general. Remember being 18 and thinking 30 was so old? Ah, memories. The fact is, 60 IS the new 40 and people are living longer, more vigorous lives long after they retire. The combination of this extended vitality […]