Can I Afford a Life Plan Community?

Prior to cofounding myLifeSite, I spent 14 years as a financial advisor. During my last couple of years in that role, I took it upon myself to learn as much as I could about the senior living industry and, in particular, life plan communities (also known as continuing care retirement communities or CCRCs). It seemed [...]

By |2023-10-20T12:26:40-04:00August 6th, 2018|

Calculating the Affordability of a CCRC (life plan community)

My experience in talking with prospective residents is that, from a financial perspective, the question is not so much about “can I afford it” as much as it is “to what extent can I afford it?” Many who are considering moving to a Continuing Care Retirement Community want a better understanding of what the financial impact to their estate could be based on a range of possible scenarios.

By |2023-08-03T08:22:22-04:00July 16th, 2014|
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