Continuing care retirement communities (CCRCs) are designed to offer peace of mind. They provide a full spectrum of services—from independent living to skilled nursing care—all within one campus. For many seniors, this model is appealing because it eliminates the need to relocate as health needs change. But that convenience comes at a cost. CCRCs often require large entrance fees, ongoing monthly payments, and complex contracts that can be difficult to navigate. Without careful financial planning, what seems like a secure choice can quickly become a drain on retirement savings.
