I recently heard an interesting story on Charlotte’s NPR station about the influx of people who are choosing to retire in North Carolina and the resulting need for more senior living and care options in the state. The piece discussed several new continuing care retirement communities (CCRCs, or life plan communities) that are under construction [...]
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 [...]
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.
My experience in talking with prospective residents is that, from a financial perspective, the question is often not so much “can I afford a CCRC” as much as it is “to what extent can I afford it?”
