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Continuing Care Retirement Communities

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  • Continuing Care Retirement Communities

    Have you considered a CCRC?
    I have no interest in protecting inheritance and a strong aversion to presenting to the ED on a holiday weekend to start the Geri-psych journey or emergency nursing home shopping when either spouse or myself are no longer able to live in our home safely. There a few nice communities in my area and when I have cared for the residents in the ED they are eager to return.
    I would appreciate your thoughts.

  • #2
    Can you expand on what these entails and difference between an assisted living community that has entire spectrum from independent living to total memory care

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    • #3
      Originally posted by StarTrekDoc View Post
      Can you expand on what these entails and difference between an assisted living community that has entire spectrum from independent living to total memory care
      Same thing I think. I don’t really get the appeal of those without the higher level of care options
      ​​​​​​.

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      • #4
        https://houstonheights.watermarkcommunities.com
        https://www.houstonchronicle.com/bus...t-16680694.php

        Big business.
        • The pricing models vary. Some have a substantial upfront buy-in and lower monthly. Some have a lower buy-in higher monthly.
        • The downside is the management can and does change (the quality increase/decrease).
        • You are in a community. Some people will feel very free to give you advice or reprimand you. Talking too loud, not parking “right”, their opinions on just about anything.
        •Likely as an “early resident” you and spouse will not find a ton of people that fit your age/activity profile.

        I don’t think they have a way for a delayed future resident.

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        • #5
          While I agree it's best not to wait until well past the time to get this sort of assistance when it is needed, I would personally hate to live only around people my age. It would feel to me like I was just waiting around to die. As I get older my friends, at least the ones I go out and do my favorite activities with, get younger and younger! They used to be my age up to 30 years older. Then they were 10 years younger to 20 years older. Then they were 20 years younger to 10 years older.

          But then again I expect to hire in the help we need and "age in place" and we can afford to do so. Most people can't. It's really expensive to have 24 hour care in your home because it requires 3 or 4 full-time employees. But there are still people who can afford it.
          Helping those who wear the white coat get a fair shake on Wall Street since 2011

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          • #6
            In my experience as both a geriatrics-trained emergency doc and as someone whose parents bought into one of those not too long before my father's health took a catastrophic tumble, they are the best option out there for retirement communities. (We'd all love to be able to safely "age in place" no matter what our medical needs are, but the reality is most people, even retired doctors, will not be able to afford that.)

            That doesn't necessarily mean you need to buy in early, though. Let your baseline health status guide you, and do your research ahead of time.

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            • #7
              Originally posted by Sigrid View Post
              In my experience as both a geriatrics-trained emergency doc and as someone whose parents bought into one of those not too long before my father's health took a catastrophic tumble, they are the best option out there for retirement communities. (We'd all love to be able to safely "age in place" no matter what our medical needs are, but the reality is most people, even retired doctors, will not be able to afford that.)

              That doesn't necessarily mean you need to buy in early, though. Let your baseline health status guide you, and do your research ahead of time.
              Thank you for sharing this valuable insight especially the caution to resist pulling the trigger too early which is where I was leaning. One of my hospitals is in an affluent area where many have the resources to attempt to age in place which is all well and good until someone becomes demented and has been working out with a personal trainer.

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              • #8
                Originally posted by The White Coat Investor View Post
                While I agree it's best not to wait until well past the time to get this sort of assistance when it is needed, I would personally hate to live only around people my age. It would feel to me like I was just waiting around to die. As I get older my friends, at least the ones I go out and do my favorite activities with, get younger and younger! They used to be my age up to 30 years older. Then they were 10 years younger to 20 years older. Then they were 20 years younger to 10 years older.

                But then again I expect to hire in the help we need and "age in place" and we can afford to do so. Most people can't. It's really expensive to have 24 hour care in your home because it requires 3 or 4 full-time employees. But there are still people who can afford it.
                "That's what I love about these high school girls, man. I get older, they stay the same age."

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                • #9
                  These facilities actually have planned activities every day. They will welcome visitors for a number of times. Strongly suggest you arrange several visits prior to committing to any facility. If they don't feel like they fit in, well you might have regrets. What you actually want is for them to feel like I might as well stay with friends. It is helps if you actually have 2 places to choose from. A choice between positives helps. You can do this in advance. Thus letting them decide it's time.

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