How to Vet the Financials of a Continuing-Care Retirement Community

We were excited to see Margaret Johnson, daughter of our Chief Investment Officer Joel Heymsfeld, quoted in the Wall Street Journal. She was discussing a topic we have advised our clients and their families on – reviewing the financial health of continuing care and assisted living communities before our clients make a significant decision and financial commitment.

There is excellent advice in the article, highlighted by Margaret’s section: “Find the insurance regulator for the state where the community is located and look up the legally required financial disclosures, which might provide more detail about the community’s borrowings, says Margaret Johnson, a senior director with Fitch Ratings, which tracks 160 CCRCs and evaluates their debt ratings. Nonprofit CCRCs often issue bonds for capital improvements and expansion under the umbrella of municipal bonds, so those CCRCs must file public disclosures about that debt, she says.”

Between our experience and network of trusted professionals, our team is ready at all times to analyze and provide advice on the intricacies of your financial life.