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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Lifelong planning and savings. Also LTC insurance. [/quote]

This 1000%

Also selecting to live in a CCRC well before you need any of these services.  With a CCRC you pay a high entrance fee and your monthly rent in independent living is not cheap, but is reasonable for the meals included and the services you get. That entrance fee basically covers the extra costs for when you need to be anywhere except independent living---one spouse can still be in independent living in your 2 bedroom place and the other can be in assisted living/medical care living/memory care/etc.  Most of the CCRC guarantee that you can continue living there even if you "run out of money" as they won't let you in unless you have enough saved.  Typically it is the women who live past 95 that this happens to---and they won't touch your Social security.

This way, you only continue to pay say $7000/month that you were paying in independent living even if you now require memory care.   No increases to $12K/month for that (That's why you paid a high 6 figure fee upfront)

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NP.  Everyone glossed over this post, but it's exactly right.  Locally I know of Collington in Bowie and Riderwood in Silver Spring.  My mother is in Collington and loves it.  It almost seems too good to be true.[/quote]

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