Understanding Continuing Care Retirement Communities (CCRCS)
About this episode
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.
Here’s some of what we discuss in this episode:
- 1:40 – Some background on CCRCs
- 5:28 – Questions to ask when considering a CCRC
- 11:31 – Personalizing your living space + contracts
- 15:25 – Is the CCRC accredited?
- 17:12 – When should someone consider a CCRC?
- 18:05 – Potential cons of a CCRC
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