Picking a retirement community will determine your clients’ qualities of life for the rest of their years.
There’s more to picking a good place to stay than a simple tour of the facilities, says MarketWatch columnist Jack Tatar.
Snowbirds and retirees staying up north alike should look into the financial stability of the retirement communities they’re considering, Tatar says. They should also look into how experienced the management and board of directors is, their accreditation and their debt rating.
Other factors include occupancy levels and the ratio of independent to assisted residents. Down south, look into how the state regulates the retirement community industry—some states have no rules at all, says Tatar.
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