For Financial Professionals

For Financial Planners

Today’s retirees are a different generation — they are living longer, and are more active, than ever before. They look to their legal and financial professionals to ensure they have made a smart financial decision and have a plan for whatever the future brings – including the rising cost of healthcare.

For today’s retirees, a CCRC is a smart financial decision – they have guaranteed access to health care at a discounted rate right within their community, and a portion of the one-time entrance fee and monthly fee can be tax deductible. RiverWoods Manchester offers a unique Type B “Flex” contract that is the first of its kind in New England! This contract offers the choice to use the 70% refundable portion of the entrance fee to offset the cost of health care or to save as asset preservation. You have the flexibility to opt for predictability with cash flow or to save and distribute as you wish.

The Continuing Care (Life Care) Concept – What is a CCRC?


Continuing Care (also known as Life Care) Communities welcome independent residents and provide a wide variety of amenities including access to health care, if and when it’s needed.

In these active communities of older adults, residents enjoy maintenance-free living, the ease of social activities without the hassle of driving, diverse fitness opportunities, and flexible dining options. Most residents move into a CCRC when they are still active in life. They enjoy the outdoors, golfing, hiking, gardening, and engaging with other residents over shared interests.

One of the greatest benefits of a CCRC is easy access to healthcare. Residents can continue to see their own doctor or visit the Nurse Practitioner in our Wellness Clinic without ever leaving the community. When higher levels of care are required, a CCRC like RiverWoods offers Assisted Living, Memory Support, and Nursing Care, right on the same campus.

A CCRC is an important consideration when you’re planning for retirement and continuing care, offering:

  • Maintenance-Free Living. Residents of a CCRC don’t have to worry about the burdens of traditional home ownership.
  • An Active Social Environment. Studies show that a lifestyle rich in social interaction, intellectual stimulation, and pure enjoyment helps people live longer, more rewarding lives.
  • Control Over the Future. Americans today over the age of 65 are living longer than any prior generation. By choosing to move into a CCRC while still healthy and active, they are choosing control of their own future.
  • Guaranteed Access to Higher Levels of Care. At a CCRC, residents are ensured lifetime access to health care. Private Assisted Living apartments and Nursing Care are available when, and if, they are needed.
  • Financial Security and Tax Benefits. Some CCRCs offer refundable contracts ensuring your estate and assets are preserved. At RiverWoods, 70% of the entrance fee is refundable. A portion of the entrance and monthly service fees may also be tax deductible.
  • Peace of Mind. By choosing to live in a CCRC, seniors are choosing peace of mind— not only for themselves but for their children and grandchildren as well.
  • Assurance of Staying with a Loved One. Couples who choose to live in a CCRC are also choosing the ability to stay together regardless of their individual future healthcare needs.

Are Your Clients Prepared for the Future?


  • Older women are twice as likely to live alone as older men.
  • 70% of people over the age of 65 will need long-term care at some point in their life.
  • 32% of adults 85 and older have Alzheimer’s, at an estimated cost of $350,000/year.
  • 58% of adults underestimate nursing home costs. 31% underestimate the cost of assisted living.
  • 9 million Americans provide unpaid care to someone with Alzheimer’s, providing 18.2 billion hours of assistance, an equivalent value of $230.1 Billion.
  • 20% of today’s 65-year-olds will need Long Term Care for more than five years.

The costs of providing care are not just financial. Many of these caregivers are the adult children, known as the “sandwich generation” who are caring for their own children while caring for their aging parents.

Sources Include: US Census Bureau,, Alzheimer’s Association

Designed to be used by Financial Professionals as well as individuals.

Download the Insider’s Guide Workbook.

Need more copies? No problem. Call us toll-free at (800) 862-9490

The Financial Advisor’s Road Map

by Kevin Goyette
Chief Financial Officer
The RiverWoods Group

A white paper for financial professionals interested in effectively analyzing the financial strength of different CCRCs.

The Financial Advisor’s Road Map for Evaluating a Continuing Care Retirement Community

Tax Advantages

There are many financial implications to consider before moving to a CCRC. Becoming a resident at RiverWoods may present worthwhile tax and financial advantages.

Pre-Paid Medical Expenses

At RiverWoods Manchester, 100% of the non-refundable portion of the one-time entrance fee may be deducted on a federal tax return as a prepaid medical expense. A portion of the monthly service fee may also be deducted (typically 20% to 30%).

RiverWoods Communities engages an outside expert each year to calculate the specific amount of the monthly service fees and entrance fees that are deductible as medical expenses on federal tax returns that year. The expert reviews applicable regulations and rulings in compiling their analysis.

New Hampshire’s Tax Advantage

New Hampshire is one of the most attractive states to retire in, due to its appealing tax profile:

  • No general sales tax.
  • No state income tax.
  • No state estate tax.
  • No capital gains tax.
  • The lowest tax burden of any New England state.
  • In the Top 10 of Lowest Tax States in the US.  (

The RiverWoods Group Audited Financial Statements

The Fiscal Year 2023

The Fiscal Year 2022

The Fiscal Year 2021

The Fiscal Year 2020