How CCRCs and Financial Advisors Can Benefit Each Other- Part II
In summary, a strong relationship between a marketing director and an objective financial advisor can create a win-win scenario. The marketing director is awarded with a shortened sales cycle while the FA opens up a new client opportunity.
How CCRCs and Financial Advisors Can Help Each Other- Part I
Well, despite everything I have just described there are there are actually some ways that CCRCs and financial advisors can work together to create a long-term, win-win situation.
Regulation of Continuing Care Retirement Communities (CCRCs) Explained
Since the Great Recession and the U.S. Senate’s subsequent study and hearings on continuing care retirement communities (CCRCs), financial regulation and contract terms have become a hot-button issues among prospective CCRC residents and regulatory bodies. Here are a few important details to understand about regulation of CCRCs.
Will the CCRC Entry Fee Model Remain Viable in the Aftermath of the Great Recession?
As described by Gerace, “…some expect rental continuing care retirement communities (CCRCs) to gain market share in the next few years while others contend the diversity of the baby boomer generation will support the near-term viability for the entry fee model as well.”
More on Retirement Community Tax Deductions
More information on deducting retirement community entry fees
Is Your Retirement Community Entry Fee Tax Deductible?
Many retirees are not aware of an important tax deduction available to some new residents of continuing care retirement communities (CCRCs).