{"id":1672,"date":"2020-11-06T13:45:54","date_gmt":"2020-11-06T18:45:54","guid":{"rendered":"https:\/\/www.thewealthguardians.com\/staging\/3023\/?p=1672"},"modified":"2022-01-06T16:57:39","modified_gmt":"2022-01-06T21:57:39","slug":"do-continuing-care-retirement-communities-make-sense-for-you","status":"publish","type":"post","link":"https:\/\/www.thewealthguardians.com\/staging\/3023\/do-continuing-care-retirement-communities-make-sense-for-you\/","title":{"rendered":"Do Continuing Care Retirement Communities Make Sense for You?"},"content":{"rendered":"

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Making the decision whether to stay or go in retirement can be a tough one. Aging in place\u2013 or remaining in one\u2019s home during retirement \u2013 is one option that requires a careful evaluation of the financial costs involved.<\/p>\n

An altogether different option \u2013 with different financial considerations than just aging in place \u2013 are Continuing Care Retirement Communities (CCRCs).\u00a0 In some senses, they serve as a combination residence and Long-Term Care (LTC) policy in one.<\/p>\n

I\u2019ve heard someone claim, \u201cLTC insurance is the best gift I can give to my children because they know I will not run out of money and will be taken care of where I am living.\u201d\u00a0 If you never purchased or qualified for LTC insurance, CCRC may be an option to consider.<\/p>\n

Let\u2019s define what a CCRC is and the benefits.<\/p>\n

It is a retirement care community that offers different levels of care.\u00a0 You can go in active and healthy and move within it as you age, and as different medical conditions arise. In one \u201ccampus\u201d you can have:<\/p>\n