Additional questions to help you decide if a CCRC is right for you. (Last in the series of 7 articles on CCRCs.) 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 [Learn more…]
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CCRC #6: Is this CCRC worthy of having me as a resident? (Part 6 of 8)
Click here to see my previous articles on CCRCs. (This is part 6 of 7.) 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 [Learn more…]
CCRC #5: Am I Eligible to Live in a Continuing Care Retirement Community? Part Two (Part 5 of 8)
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 [Learn more…]
CCRC #4: Am I eligible to live in a Continuing Care Retirement Community? (Part 4 of 8)
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 [Learn more…]
CCRC #3: The ABCs of CCRC Contracts (Part 3 of 8)
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 [Learn more…]
CCRC #2: What Is It Like to Live in a Continuing Care Retirement Community? (Part 2 of 8)
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 [Learn more…]
CCRC #1: Continuing Care Retirement Communities (Part 1 of 8)
This is the first in a series of 8 articles on Continuing Care Retirement Communities. We included links to the other articles at the end of this one. 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? [Learn more…]