At 66 With $900,000, She’ll Move Into a Continuing Care Community. The Entrance Fee Is the Biggest Check She’ll Ever Write

详细摘要

Carol has the contract on her kitchen table and a house to sell. The entrance fee is only the first bill, though, and a quieter expense could drain her savings long after the check clears. Which contract protects her?

Carol is 66, widowed, and back at her kitchen table with the contract from the retirement community she visited this morning. She has $900,000 in savings, and she plans to sell her house to cover most of the entrance fee, which is the one-time payment that gets her in the door. It'll be the biggest check she ever writes, and many retirees end up at this same table.

A continuing care retirement community, or CCRC, is a campus where she moves into an independent apartment while she's healthy. If her health slips, she moves to assisted living, memory care, or skilled nursing on the same grounds. A Kiplinger story quoted a 71-year-old resident. She lives at Well Spring in Greensboro, North Carolina: "Living here is so easy, like being on a cruise ship."

The cruise ship comes at a steep price. A May 2026 guide from Atlanta advisory firm PeachCap puts the average entrance fee at roughly $400,000, with a range of $40,000 to $2 million. Monthly fees average $3,353 and cover meals, housekeeping, maintenance, and activities.

The contract determines who pays if she needs nursing care later. Here's PeachCap's breakdown:

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Entrance fees also come refundable or non-refundable. Many communities offer a partial or even full refund if she leaves or after she dies (Kiplinger). Refundable plans usually cost more upfront.

The entrance fee is a one-time hit. The monthly fee never goes away, and it keeps rising. At $3,353 a month, she's paying about $40,236 a year. The average aged widow gets $1,919 a month from Social Security, or about $23,028 a year. Her savings would cover the gap at roughly 2% a year, which is easy to handle today.

Inflation is the catch, as prices for Americans 62 and older rose 3.9%…

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