Iris Nguyen JD | September 15, 2022
In the Bay Area, a continuing care retirement community (CCRC) can easily charge an entry fee of $1 million dollars or more.¹ That’s in addition to monthly costs that can reach $5,000 and beyond. For those who can’t finance that all in cash, it is advisable to put a financial plan in place well before you anticipate making the move. Adult children might consider getting involved in creating this financial plan to help their parents pick a good option.
