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Author: ResNullius Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19221  
Subject: CCRC Date: 10/2/2012 8:23 AM
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My wife and I visited a CCRC (Continuing Care Retirement Community) about 90 mintues away from where we currently live. They have apartments, cottages, and full-size condos, along with all the other stuff. They also have assisted care and nursing facilities for later in life. Lots of open space and forested areas, and it's located in small college town. It's a non-profit, with an "A" rating from Fitch, so it's financially solid. If you pay the entrance fee, they can't throw you out even if you run out of money 20 or 30 years from now. It's been open since the mid-1980s. I've never thought about these places before, but several friends said that they had gotten on the waiting list of the same or other similar places, which is about 5 years minimum. While I don't see us moving to a place like this anytime soon, we gave a $1K deposit and got on the waiting list. It sure is strange thinking about things like this, but I guess it makes sense if you can afford it, and we have enough money, so why not at least keep it as a reasonable option for later years. Because of some health issues, I need to be closer to the Medical Center where I get treated and followed, and this retirement place is only 20 minutes (versus the current 2 hours) away.
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