Don't waste your retirement savings on the wrong CCRC.
One study revealed that 60% of new residents made their decision based on the Continuing Care Retirement Community's (CCRC) own marketing materials.
Get some no-nonsense advice from someone who's actually made the move and understands what to look for and what not to believe.
This book explains
- Types of housing and contracts,
- Entrance and monthly fees,
- Essential things every CCRC should have,
- What guarantees you'll get, and
- What to do if things don't work out the way you hoped.
Learn what to look for when you tour independent living, assisted living and nursing facilities, and what accreditations and certifications are important and which aren't.
There's also a chapter to help you convince someone it's time to move and make the move as painless and efficient as possible.
This third edition addresses changes in regulations and laws and responds to reader suggestions. Chapters were added on bankruptcy, tax laws, resident rights, and why CCRCs still are a good solution for seniors.
Retired real estate agent Ruth Alvarez drew from her own experience as a CCRC resident and her successful efforts to move her parents and other elderly relatives into CCRCs.