The following shows the potential match between your finances and a broad national price range for CCRCs/life plan communities. NOTE: This assessment is meant to give you a general idea of whether a CCRC may be a good financial fit for you. Pricing at any particular community could differ greatly from the pricing used in this preliminary assessment.
Based on the assumptions we've used for this assessment, it appears that a CCRC/life plan community may not currently align best with your financial picture. However, this assessment is preliminary in nature and may not reflect all relevant details. A more in-depth financial discussion with a representative of a retirement community(s) and/or a knowledgeable financial advisor can help you best understand your options.
The above results are preliminary in nature and may not reflect all relevant details. The results should not be viewed as a recommendation or financial advice. An in-depth financial discussion with a representative of a retirement community(s) and/or a knowledgeable financial advisor can help you better understand your options.
The results shown correspond to calculations generated by myLifeSite’s proprietary financial calculator and reflect the approximate potential for your assets and income to cover the anticipated costs associated with this retirement community over your lifetime. Results are based on several hypothetical default assumptions, including growth rates, inflation rates, life expectancy, and more. While the assumptions used are believed to be reasonable for the purposes of a preliminary assessment, actual results may be materially different over the corresponding time frame. Other potentially relevant details, such as long-term care insurance or passive income sources, may not be factored into these projections and would likely change the outcome. Investment-related income such as dividends, interest, capital gains, and other withdrawals are automatically calculated, based on approximate asset values and the hypothetical average growth rate applied. Therefore, MoneyGauge does not ask for these income sources in the questions since doing so could lead to double counting. The results provided above should not be considered financial advice or a guarantee of future financial outcomes, nor should they be viewed as a final decision on the part of the retirement community regarding financial qualification.
This is a preliminary assessment of affordability (over lifetime) in a CCRC/life plan retirement community. This assessment may not reflect all relevant details about your situation. Pricing used for these calculations is based on a broad range of national pricing, starting with an entry fee of $100,000 and corresponding monthly fee of $2,750 for an individual. Actual pricing for a specific community and other assumptions can vary widely from what is used in this preliminary assessment.
If you represent a retirement community and would like a customized version of this affordability tool for your own website, please contact us for more information.hi