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

Retire With Style

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

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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?"