Retire With Style

Episode 118: Long-Term Care Planning: Nursing Homes and CCRCs (Part 4)

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In this episode, Wade and Alex continue their discussion on long-term care, focusing on nursing homes and continuing care retirement communities (CCRCs). They also touch on hospice care and the importance of having a power of attorney in place. They highlight the need to carefully review contracts and consider the financial strength of CCRCs. Listen now to learn more!
 
Takeaways
  • Nursing homes provide 24-hour care for individuals who need significant help with daily activities and medical issues.
  • Hospice care focuses on providing comfort and pain relief for individuals with terminal conditions.
  • CCRCs offer multiple levels of care within one community, allowing individuals to transition as their needs change.
  • It is important to review CCRC contracts with an elder law attorney and consider the financial stability of the facility.
  • Upcoming topics will include funding options for long-term care and interviews with experts in the field.
    • Chapters
     
    00:00 Introduction and Correction
    00:31 Continuing Care Retirement Communities (CCRCs)
    10:02 Hospice Care
    25:52 Considerations for CCRCs
    30:38 Upcoming Topics and Conclusion
     
    Links 

    The Retirement Planning Guidebook: 2nd Edition has just been updated for 2024! Visit your preferred book retailer or simply click here to order your copy today: https://www.wadepfau.com/books/ 

     
     
    This episode is sponsored by McLean Asset Management. Visit https://www.mcleanam.com/roth/ to download McLean's free eBook, "Is a Roth Conversion Right For You?"
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    Retire With StyleBy Wade Pfau & Alex Murguia
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