Options for Retirement Living

Mary Rulison mrulison@riverwoodsrc.org from Riverwooods in Exeter spoke to twelve members of our group, regarding the many advantages of living in a “Continuing Care Retirement Community” (CCRC). These include:

  • This type of arrangement includes a “life care” contract, not just real estate or a place to live.
  • Everything a person needs is in one area or under one roof.
  • There is provision for staying in one community regardless of possible deteriorating health and increased needs for assistance. A person can progress from Independent living through assisted living to skilled care with minimal interruption in life style and virtually no increased costs.
  • CCRCs are vibrant communities where older people can be stimulated y socializing with many other residents in similar circumstances and varied backgrounds.
  • The burdens of home ownership are eliminated.
  • They provide resources for managing issues common to the older generation.
  • Most residents either originate or have family connections in the local geographic area.
  • Residents in CCRC’s tend to live longer.
  • The biggest competitors of CCRC’s are people’s own homes.
  • Peace of mind for other family members knowing that proper care is being given.
  • Financial requirements are well defined.

Disadvantages include:

  1. A) Can only enter the facility through the independent living component.


Other types of living arrangements include:

  • Living in own home or in a home with other family members.


  1. A) Familiar surroundings.
  2. B) Less costly, although financial needs could increase quickly

depending on health changes.


  1. A) It can be lonely.
  2. B) The home requires continuing maintenance.
  3. C) Requires ability to move and perform specific life skills.
  • Move to a facility specific to needs, like an assisted living or skilled nursing facility.


  1. A person stays in own home as long as possible.


  1. The decision to move into a nursing facility can sometimes be a hasty one.
  2. Nursing homes can be very expensive with little control of future fees.


Both of these latter choices may be financed, with limitations, through long term care insurance. In the CCRC model there is often no need for long term care insurance.

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