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Old 02-21-2013, 04:52 AM   #41
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Originally Posted by Marita40 View Post
I would like to know: how do you begin researching CCRCs?
It is complicated, and the choices seemingly endless. Here are a few sites I've come across that give you a place to start.

I haven't read every word on all of them but I thought they were worthy of bookmarking.

Continuing Care Center

Medicare Nursing Home Finder

CARF International, CARF International,, Commission on the Accreditation of Rehabilitation Facilities, CCAC, Commission on the Accreditation of Rehabilitation Facilities, CCAC

Retirement Communities & Senior Housing :: Retirement Living Information Center


Family Value: The Risks of Retirement Communities -

CCRC Listing

Everyone is Aging Blog

AARP - Health, Travel Deals, Baby Boomers, Election News, Over 50, Online Games, Retirement Plan

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Old 02-21-2013, 08:33 AM   #42
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Walt: Excellent pointers! Thank you.

Anyone wondering about expenses, take a look at the WSJ link above, "The Risks" one. They have a nice chart that summarizes the most common contract types, and the costs. There are other contract types they don't mention, but those are a good summary.

CCRCs are expensive. Where they can potentially pay off is under "Nursing Care". If you have the Life Care contract. But also note it is still not "free."

I also liked the discussion about the risks. Last night after I wrote my long post, I took a look at a CCRC's web site that is 1 mile from my house. They are independent (not a big company) and they have an occupant ownership model with no corporate debt. It is interesting to see that bankruptcies have become a concern.

Again, the thing about the ownership model is you also pay taxes. You never see that listed as fees. In my dad's case, that would have been about $900 a month! He's in a very high real-estate tax market. At his age, we opted for rental.

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Old 02-21-2013, 05:36 PM   #43
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Very helpful--thanks for the posts!
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Old 02-21-2013, 05:41 PM   #44
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Originally Posted by travelover View Post
If I start making those kind of mistakes, it is time anyway.
Probably wouldn't be any harder than misplacing your keys.......

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