If you’re starting to think about where you will live as you age, retirement communities are a great option. If you’re in the market for this type of housing, there’s one consideration that we believe is more important than any other, especially if one of your goals is to avoid being forced into a nursing … Read more
“Aging in place” seems to be the buzz phrase in retirement planning these days. Here at AgingOptions we hear all the time from clients and radio listeners that their number one desire is to be able to remain in their homes for as long as they can in retirement. A major 2015 survey revealed that … Read more
With a new generation of retirees poised to make long-term living decisions, marketers say it’s time for a new name to describe retirement communities. So say good-bye to the time-honored term, “Continuing Care Retirement Community.” That’s what the familiar acronym “CCRC” stands for, and it’s a term that has described a wide range of retirement … Read more
At the end of December, a New York trial court ruled that residents of a continuing care retirement community (CCRC) breached their contract when they applied for Medicaid before spending down their assets. Good Shepherd Village at Endwell v Yezzi (NY Slip Op 51900 – NY: Supreme Court, Broome 2014). In 2009, Peter and Hazel … Read more
Evaluating CCRC fees, this New York Times article sheds light on the costs.