As Baby Boomers and those on the cusp of retirement search for their next chapter, Continuing Care Retirement Communities (CCRCs) or Life Plan Communities emerge as a noteworthy option. In this episode, Phil sheds light on the key aspects you should consider when determining whether these communities are a suitable choice for your retirement.
Throughout this conversation, we’ll unravel the benefits and intricacies of CCRCs, guiding you through key financial, care level, and facility questions to ask. Whether you’re seeking a simplified lifestyle, long-term care assurance, or a vibrant community connection, this episode offers a comprehensive look into whether CCRCs might be ideal for your retirement.
Stay tuned for Phil’s insights on CCRC communities, where he discusses entrance fees, services, and care levels, offering a clearer understanding of what it entails to become a part of a CCRC community.
Here are some of the things we’ll address in this episode:
- Some background on CCRCs [1:40]
- Questions to ask when considering a CCRC [5:28]
- Personalizing your living space + contracts [11:31]
- Is the CCRC accredited? [15:25]
- When should someone consider a CCRC? [17:12]
- Potential cons of a CCRC [18:05]
If you have any questions about what we discussed in this episode, reach out and we’ll be happy to set up a time to talk.