As more people age and begin to explore their retirement living options, one question keeps coming up: Can you afford to live in a continuing care retirement community (CCRC)?
It’s a common concern for people who are potentially interested in living in these communities because the true cost of senior living often involves more than just an initial price quote. In other words, it’s complicated.
“Senior living options have evolved to offer a range of care levels and services tailored to individual needs, budgets and preferences,” says Tammy Hemmingway, executive director at Brookdale Hawthorn Lakes, a community in Vernon Hills, Illinois. “It’s essential for each person to evaluate their required care level, desired activities and financial capacity to find a solution that fits their unique situation.”