Continuing Care Retirement Communities can be found in every area of the United States.
In this video we analyze the Magnolia Trace CCRC in Huntsville, Alabama.
There are five different options plus a one year “look in” of sorts where you can try the community out without putting down an entrance fee.
Magnolia Trace Pricing
I’ll share with you the current pricing for their Royale I and II. THis is a 1572 sq. foot 2 bedroom unit with a den. We’re also assuming a couple is moving in. The monthly fee is includes a lot of utilities with one chef prepared meal a day. (You need to see what else comes with the fee or is missing).
Life Care Premium: Entrance fee $315,000 – $340,000 monthly fee $4670
Asset Preservation: $250,000 – $275,000 / $5250
Income Preservation $ 365,000 – $400,000 / $4360
Life Care 50 (you get a 50% refund to your estate)
$440,000 – $475,000 / $5100
Now the one I like best is the Modified Life Care where if you have.