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Author: ChiliChild 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 19817  
Subject: Re: CCRC Date: 10/3/2012 11:09 AM
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My in-laws moved into one of these places in their early 70s. The non-refundable buy-in seemed high and the monthly maintenance seems exorbitant, particularly for the area they are in. TBS, it is a fantastic idea, IMO. Even if the resident(s) run out of money, they cannot be turned out, which explains the high up-front cost.

FIL died a couple of years ago at 85 and he is the one who wanted to move to that area. MIL is now stuck. She doesn't like the heat and misses the winters up north. (I think she should spend January and February 'back home' and she, at 86, might change her tune.)

As far as their kids are concerned, though, that move was wonderful. We live close enough now that ChiliSpouse, the oldest, can get down there to help her out at any time. But there are no worries about continuing care.

I'd move into one of those places in a heartbeat in 15 or 20 years if it's in a better location.

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