Is A 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).
A Primer on CCRC Residency Contracts
Here at myLifeSite, we are able to gather lots of great insights and comments from the thousands of people who follow our blog posts and who are actively engaged in the process of researching continuing care retirement communities (CCRCs or “life plan communities”). This helps us develop content that we hope speaks directly to the [...]
How a Couple’s CCRC Fees Adjust If One Person Requires Care
One of the more common questions we hear from consumers about life plan communities (aka continuing care retirement communities or “CCRCs”) is how monthly CCRC fees adjust if one person is still living independently – sometimes called “residential living” – while the other requires care. The answer to this question differs depending on the residency [...]
Levels of Care: CCRC Monthly Fee Adjustments for Couples
One of the major draws of a continuing care retirement community (CCRC, aka, a life plan community) is the on-site availability of a continuum of care services, should a resident need it. It’s a key feature that defines this type of senior living community. You may have seen our recent video on how a CCRC [...]
Analyzing the CCRC Residency Contract: A Sample Case Study
Here is a simple summary of a CCRC contract to help you understand the specifications for care and cost before signing on the dotted line.