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Investing - Theory, News & General • Anybody heard stories of well "prepared" retirees running out of money?

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Yes. I am helping a family member who is in a faith based continuing care retirement community. They screen those who are accepted to ensure they can meet the entrance fees, the monthly fees and so forth. Many aren't accepted. Of the 800+ people living there, about 10% have run out of money and are being supported through an endowment fund that was set up when the community was established.
I have not heard of this before what is a "faith based continuing care retirement community"? Like faith healing?

Or just like a care facility attached to say a Lutheran Church or something?
The latter.

Statistics: Posted by sailaway — Mon Mar 18, 2024 10:25 pm — Replies 87 — Views 9957



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