Planning for Your Future: A Look into Continuing Care Retirement Communities

In this episode, host Trevor Lawson rounds out the series on long-term care planning by discussing Continuing Care Retirement Communities (CCRCs), also known as "life plan communities." Trevor explains what CCRCs are, why they are growing in popularity, and provides 10 key questions to consider when touring a facility, such as financial strength, services included in the monthly fee, emergency response systems, and resident satisfaction. He also details the three main types of CCRC contracts (Type A, B, and C) and their associated costs and benefits, including potential tax deductions. Finally, Trevor emphasizes the social benefits of CCRCs and advises listeners to consider joining a waiting list early due to increasing demand.References:How Continuing Care Retirement Communities WorkFor more information and resources, visit Trevor-Lawson.com.Retirement With/On Purpose is hosted by Trevor Lawson and produced by Walk West.Securities and investment advisory services offered through Osaic Wealth, Inc. member FINRA/SIPC. Osaic Wealth is separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic Wealth. Branch phone: 919-546-0400.