In this episode, Wade and Alex continue their discussion on long-term care, focusing on nursing homes and continuing care retirement communities (CCRCs). They also touch on hospice care and the importance of having a power of attorney in place. They highlight the need to carefully review contracts and consider the financial strength of CCRCs. Listen now to learn more!


 



Takeaways
Nursing homes provide 24-hour care for individuals who need significant help with daily activities and medical issues.
Hospice care focuses on providing comfort and pain relief for individuals with terminal conditions.
CCRCs offer multiple levels of care within one community, allowing individuals to transition as their needs change.
It is important to review CCRC contracts with an elder law attorney and consider the financial stability of the facility.
Upcoming topics will include funding options for long-term care and interviews with experts in the field.


Chapters

 
00:00 Introduction and Correction
00:31 Continuing Care Retirement Communities (CCRCs)
10:02 Hospice Care
25:52 Considerations for CCRCs
30:38 Upcoming Topics and Conclusion
 
Links 



The Retirement Planning Guidebook: 2nd Edition has just been updated for 2024! Visit your preferred book retailer or simply click here to order your copy today: https://www.wadepfau.com/books/ 

 

 
This episode is sponsored by McLean Asset Management. Visit https://www.mcleanam.com/roth/ to download McLean's free eBook, "Is a Roth Conversion Right For You?"