Continuing-Care Retirement Communities (CCRC) offer comfortable living for older individuals and include the availability of fine dining, health clubs and on-site long-term health care.
Risks to consider are whether the CCRC might fail due to loss of membership. In the case of failure, residents can lose all or part of their entrance fee. The average entrance fee is about $250,000.
Two web sites which offer information about retirement communities and their financial stability are CARF International and The American Association of Homes and Services for the Aging.
Contact an estate planning law firm for further information.