After forking over $840,000 to live in a New York continuing care retirement community following the sale of their home three years ago, Bob Curtis, 87, and his wife Sandy face losing a huge chunk of those savings, according to Bloomberg.
“I can’t replace what I have here,” Bob told the publication in an article posted Dec. 3. The couple expected to spend the rest of their lives receiving care at the facility, Bloomberg reports, but it went bankrupt in 2023. Now, along with nearly 200 other residents, they could see a large portion of the money they invested to live there go up in smoke.
Continuing care retirement communities (CCRCs) are a type of retirement community that provides for seniors through the entirety of their later…
