For those who are nearing the retirement stage of life, a great resource is Restart Retirement, a blog that offers a wealth of information to retirees or those on the verge of retirement.
Recently, Attorney Jon Gruber, partner at Russell, Krafft and Gruber, guest-authored an article for Restart Retirement. With over thirty years of experience in estate planning and administration, he has helped countless clients achieve peace of mind by being prepared for their retirement years and beyond. His article, The ABCs of Retirement Communities, aims to help retirees better understand the different types of contracts under which retirement communities operate, which in turn can help them find the community that best serves their needs. The article discusses the following contracts that can be found in Continuing Care Retirement Communities (CCRCs):
- Type A – Lifecare Contract
- Type B – Modified Contract
- Type C – Fee-for Service Contract
- Type D – Rental Contract
Whether you are facing retirement or already there, you know that choosing a retirement community is a major life decision. It is imperative that you understand what different communities offer in terms of amenities, care and financial security. Having a basic knowledge of these contract types can aid you greatly in making your decision.
Please read The ABCs of Retirement Communities, and stay tuned for future guest posts by Attorney Gruber.
Restart Retirement is lifestyle-oriented and covers everything from financial matters to finding creative outlets during retirement years. It features leading authorities and retirees discussing mature living topics. If you are considering retirement or already retired, you’ll find information to help you make informed decisions about subjects that matter to you physically, emotionally, socially and financially. You will be able to read how others pursue their passions and find new zeal in your own life.