Continuing Care Retirement Communities

Retirement Coach's Corner

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8M ago 16:53

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Continuing care retirement communities (CCRC) are on the rise as Baby Boomers enter into retirement. These communities have become a great place to live. The housing, social life, and long-term care plan all in one place carry a lot of appeal for some, but not all. We chat about what to look for in this type of community and what considerations people face when making the transition.

This can be a big financial commitment, so it’s important to understand the financial structure. Does it require a large down payment or have a buy-back feature? What happens when your care needs change? Ultimately, you want your decision to coincide with your financial plan.

Here’s some of what we discuss in this episode:

Why are CCRCs so popular?
What should you consider when picking a CCRC?
What are the social benefits?
How does a retirement community fit with your financial plan?

Episode Resources

Youtube video:

https://www.youtube.com/watch?v=-l_hgYZftVg

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