Savvy Senior: Choosing a Continuing-Care Retirement Community

Dear Savvy Senior,

Can you give me some tips on picking an all-inclusive residential retirement community that offers independent housing along with assisted living and nursing care? My husband and I are looking to downsize and simplify, but we want our next move to be our last.

--Approaching 80

Dear Approaching,

If you want your next move to be your final one, an all-inclusive retirement community – also known as a continuing-care retirement community (or CCRC) – is a great option to consider, but they aren’t cheap.

CCRCs are different from other types of senior housing because they provide a...