A continuing care retirement community (CCRC, or life plan community) is a senior living option that offers residents a range of independent living choices but also provides a continuum of long-term care services including assisted living or skilled nursing care if later needed. In addition to the many social and wellness opportunities afforded to CCRC residents, [...]
You’ve made the decision that you want to move to a continuing care retirement community (CCRC, also called a life plan community). You’ve crunched the numbers and can afford the monthly service fee, which, according to 2019 NIC guide (sixth edition), averages $3,353 (though of course some are much higher and others much lower, depending [...]
Many entry fee retirement communities offer residents the choice of a refundable entry fee as an alternative to a traditional, declining balance contract. Learn more about the trade-offs in this blog post from My LifeSite.
With the rise of rental retirement communities in recent years, sometimes referred to as independent living communities or “independent plus,” I hear more comments from people who say they are looking for communities without a “buy-in.” When comparing rental retirement communities to entry fee life plan communities (aka, continuing care retirement communities or “CCRCs”), there [...]
By now, almost everyone is aware of the coronavirus disease 2019 (COVID-19) that is spreading around the globe. It’s impacting not only people’s health and travel plans but also the stock market. As a result, many of you have probably been contacted by your financial advisors, most likely encouraging you to stay calm in the [...]
Selling an existing home is one of the tasks that many people view as a hurdle to their continuing care retirement community (CCRC or life plan community) decision. Indeed, according to our Consumer Survey results, more than one in three respondents cited “Putting off dealing with all my stuff / hassle of moving” as a [...]
If you are a regular follower of our blog then you know I am a fan in general of life plan communities, also referred to as CCRCs or “continuing care retirement communities.” Just this week, I spoke with a resident of a CCRC who told me she had lived there for 16 years, and it [...]