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URL:  http://boards.fool.com/all-the-responses-have-been-good-and-to-the-point-30295764.aspx

Subject:  Re: Math please? Date:  10/2/2012  4:34 PM
Author:  ResNullius Number:  17872 of 19972

All the responses have been good and to the point. Like everything, there are CCRCs and then there are CCRCs. The first thing we did was to check out the financial soundness of the one we looked at yesterday. There are only about 50 CCRCs in the entire country that have a "A" rating from Fitch. The second point is to only go with non-profits that have an "A" rating from Fitch. Most if not all of these are associated with a university, college, or major church denomination. The one we looked at is associated with Davidson College and the Pres Church (although religion plays no role in the place). Davidson is one of the top undergrad schools in America, and the Pres USA is one of the largest demoniations in America. Yes, it's possible they could default on their guarantee of lifetime care, but it's about 99% unlikely. Their yearly audited finacials are open to the world to see. If they were to default, you ca