Yesterday we visited the sales building next to the plot of land that will become Reata Glen in San Juan Capistrano, CA. Well sort of SJC. City gave them such a hard time that they ditched the land they'd bought in town and are now in an unincorporated area adjacent to SJC. Our purpose for the meeting was to see if we could even swing it financially. I'd originally told them 8-10 years (before Cliff hits the age 90 cut off for men), but he surprised me a few days ago with wanting to move in five years. And of course they are trying to fill the facility in the first quarter of 2019 when they expect to be finished with the 400 units and all the amenities. A bit early for us -- Mom is in good health except for the emergency cornea transplant she is having today ( she wasn't amused when I told her at least she was getting her dibs in before all the burned cornea eclipse folks) and Dad is, to quote Cliff, "circling the drain", so we must see to their needs first.
Using today's investment assets and the Zillow value of our home less the outstanding mortgage and our SS income, the 18 year age difference works against us with the projection that I'd likely run out of funds four years before my death. That number balances out when we move in later than 2019 and when we factor in not having any heirs, so rather than the estate getting back 75% of the entrance fee it gets something less. We were told we likely could move in with three cats (our four are 17, 10, 8, 5) as long as we were headed toward one and they would age out in a timely manner.
We love Santa Fe and have looked online and requested info on the CCRC there. But the entrance fee would have to be considerably less than the +/- $750K for a two bed/two bath that we saw at both CA facilities we looked at to make us move where it gets cold in winter.