Financial & Tax Advantages | RiverWoods Retirement Communities

A Smart Financial Decision

Understanding RiverWoods Lifecare

Guaranteed Long Term Care for Life

Your retirement is full of possibility. But with longer life expectancies and rising healthcare costs, planning ahead matters more than ever. Lifecare communities can help protect your finances while supporting the lifestyle you love by protecting your assets and insuring against future care costs.

Not sure where you stand? Our MoneyGauge calculator is a quick, confidential way to explore your options and better understand if a RiverWoods community could be a good fit.

Start Your Assessment

Do You Have a Plan for the Future?

With the number of older adults expected to nearly double in the coming decades, the question isn’t just if support may be needed, but how you want that support to look, and who you want making those decisions. The reality is that as we live longer, most of us will need some level of support at some point. In fact, about 70% of adults over age 65 will need long-term care during their lifetime.

Planning ahead isn’t just practical, it’s one of the greatest gifts you can give yourself and the people who love you. Understanding your options early can help you make decisions from a place of confidence, not urgency.

The Facts About Aging Today

Financial and Tax Advantages

Did you know becoming a resident of a Lifecare community may present worthwhile tax and financial advantages?

Refundable Contract

In a world where long-term care costs are continually increasing, lifecare can provide asset preservation and financial security. Many lifecare contracts refund a portion of the original entrance fee (50% – 90%) to the resident’s estate or designee. The second person entrance fee is not refundable with any contract at our Communities.

Pre-Paid Medical Expenses

The non-refundable portion of the one-time entrance fee may be eligible as a medical tax deduction on your federal tax return. A portion of the monthly service fee may also be deductible. Be sure to check with your tax advisors or financial professional for more specific details.

Is RiverWoods a Good Financial Fit?

To explore whether RiverWoods Lifecare could be a good financial fit for you, answer a few easy questions, including age, income, and assets. Your information is secure and will not be shared with any other third parties.

GO TO THE CALCULATOR

This is an indicator of affordability and not financial approval. The MoneyGauge calculator does not factor in long-term care insurance benefits.

Why Choose RiverWoods?

Asset Preservation and Peace of Mind

Long-term care costs are going up, and we are all living longer. The smart strategy is to plan for the future by locking in a discounted cost for multiple levels of care. When you choose RiverWoods, you also have the promise of asset preservation and financial security. RiverWoods’ range of innovative contract options ensures that you find the plan and the community that fits your needs.

I’d like to learn how to preserve my assets and plan for the future.

New Hampshire’s Tax Advantage

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

No general sales tax.
No state income tax.
No state estate tax.
No capital gains tax.
Lowest tax burden of any New England state.
In the Top 10 of Lowest Tax States in the US. (www.taxfoundation.org)

Pre-Paid Medical Expenses
The non-refundable portion of the one-time entrance fee may be eligible as a medical tax deduction on your federal tax return. A portion of the monthly service fee may also be deducted.

An Industry Leader Since 1994

The RiverWoods Group has earned an excellent reputation for leadership in the lifecare sector. Throughout the last 30 years, we’ve maintained a history of consistently strong financial performance. The organization continues to grow thoughtfully and maintain strong occupancy while consistently outperforming industry benchmarks.

View our Philosophy of Financial Budgeting and Performance

A Road Map for Evaluating a Continuing Care Retirement Community

A Safe and Secure Plan for the Future

At RiverWoods, you’ll have the peace of mind that any future long-term care needs will be met within your own community, by caring professionals that you know and trust, guaranteed at a rate well below market. One of the most important things to remember about RiverWoods is that your future healthcare is heavily discounted as part of our lifecare contract.

With the current healthcare labor shortage, the increase of baby boomers entering retirement, and the dwindling workforce, now is a particularly good time to move into RiverWoods and guarantee your own future care needs.

I’d like to make a plan for the future.