Brandon Corso, a financial planner with Virginia-based Edelman Financial Services, LLC (http://www.ricedelman.com/cs/invest_with_edelman/invest_with_edelman_financial_services), also fields inquiries from clients considering moves to CCRCs.
says monthly service fees at some CCRCs seem high at first glance, but that is because they usually include a lot of perks.
CCRC contract terms vary, so Corso
advises clients to ask questions about monthly fee escalations, entrance deposit refund terms, and the financial stability of the company.
And, as you would with any important contract, Corso
says to have your attorney review it before you sign on the dotted line.