In this Episode of the Secure Your Retirement Podcast, Radon and Murs have Rae Dawson to discuss the basics of Continuous Care Retirement Communities (CCRC). Rae is a CCRC expert and spent her original career primarily managing people and projects in high-tech in Silicon Valley for many years before gaining an interest in CCRC.

She explains what it means for a facility/community to be a CCRC and why most assisted care facilities are not CCRCs.

Listen in to learn more about CCRC regulations in North Carolina, the importance of having a plan before moving into a CCRC, the types of CCRC financial rating sources, and the five different CCRC contract models in NC. You will also learn about the factors determining how long it might take to get into a CCRC and why it’s not too soon for you to think about getting into a CCRC when in your 50s.

In this episode, find out:

• Rae’s background career in high-tech and Continuous Care Retirement Communities (CCRC).
• What it means for a community to be a CCRC and why most assisted care facilities are not CCRCs.
• The importance of having a plan if you decide to age in place or move to a CCRC.
• The CCRC regulations in North Carolina, plus how to use the Department of Insurance website.
• Why it’s not too soon for you to think about getting into a CCRC when you’re in your 50s.
• The types of CCRC financial rating sources, what they offer, and what to consider when selecting a CCRC.
• Understanding the five different types of CCRC contract models offered in North Carolina.
• Factors that determine the type of CCRC contract model you should consider.

Tweetable Quotes:

• “To be a CCRC, a community has to offer multiple levels of care, which are independent living, assisted living, skilled nursing, and they will typically also offer memory care.”- Rae Dawson
• “If you cannot find a facility/community on the Department of Insurance website, it’s not a CCRC.”- Rae Dawson

Get in Touch with Rae:

• Email: [email protected] 

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.