Aging in Place May Not Be the Answer: Making a Case for a Continuing-Care Retirement Community.

Choosing a continuing-care retirement community (CCRC) versus aging in place is a difficult financial planning and emotional decision. It's not easy for clients to acknowledge that they are getting older and are at a point in their lives when they need to consider whether their current living situation is suitable for their old age. As an advisor, you will play an invaluable role with your clients if you bring up the issue of where they want to live as they grow older and discuss the options available to them. A CCRC may or may not be the right choice, but to be informed about it will help those at midpoint in retirement--especially in their 70s--think through the best place to age well and to be in control of their own future. [ABSTRACT FROM AUTHOR]

Copyright of Journal of Financial Service Professionals is the property of Society of Financial Service Professionals and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)