As a fiduciary financial advisor in Ashburn, Holland Capital helps retirees compare paying a continuing care community’s entrance fee with staying in their current home, and see what each choice does to their savings and estate. We serve Ashburn retirees through phone and video calls and, when you prefer, a meeting by appointment in the Regus center at Lakeview Center Plaza.
A house you know. A community with an entrance fee. Two ways to spend retirement.
Ashburn is home to about 46,300 people. About 17% are at least 65, and the median home value is about $699,000. Ashby Ponds, a community for people 62 and older, is here.
A continuing care retirement community, or CCRC, can offer independent living and access to additional levels of care under one community agreement. Joining involves an entrance fee and monthly charges set by each contract. Staying home means paying for upkeep and later help yourself. A written plan, at a fixed fee, weighs the two, and no accounts have to move. Ask anyone you consult if they must act as a fiduciary and how they get paid.
Reading the Contract You Were Given
Contracts differ on whether any part of the entrance fee comes back. We list what yours says on refunds, fee increases and higher levels of care, and note questions for the community or your attorney.
Running Both Paths
One version keeps you at home, with upkeep, property taxes and possible help. The other pays the entrance fee, perhaps from selling the house, plus the monthly charges. Our retirement planning shows spending and savings for each over time.
A home sale may qualify for a federal exclusion of up to $250,000 of gain, or up to $500,000 on a joint return. The full exclusion depends on the IRS ownership, use and other eligibility rules.
RETIREMENT ENGINEERING™
The Order Matters
Five retirement decisions and why timing matters.
What Each Path Leaves for Family
The two paths can leave different amounts to heirs. Virginia has no estate tax and no inheritance tax. Our guide to estate and wealth transfer planning covers fitting these pieces to your wishes.
Investing Under Either Choice
If you later want help, our investment management turns your plan into a written investment policy statement and manages your savings to it.
How We Work with Clients in Ashburn
Holland Capital Management is an independent registered investment adviser and a fiduciary. M. Chad Holland, CFA, CFP® works directly with clients and is responsible for the planning and advice.
Bring the community’s contract and fee schedule, a recent property tax bill, your account statements and a list of monthly spending.
You leave with a written plan comparing both paths, for a fixed fee agreed before we start. Carry it out yourselves, give it to your existing advisor, or have us handle it.
The first conversation is free. If there is work worth doing after that, we will define the scope and cost before you decide whether to move forward.
Our offices are in Charlotte, North Carolina and Winter Park, Florida. We work with clients in Ashburn primarily by video or phone. When an in-person meeting makes sense, we meet by appointment at the Regus center at 20130 Lakeview Center Plaza, Suite 400.
For clients whose investments we manage, accounts are held directly at Charles Schwab in the client’s own name. Holland Capital manages the investments but does not take custody of client assets. If a client ever needs in-person assistance from Schwab, the closest branch is in Leesburg at 1603 Village Market SE, Suite 100.
We work with clients throughout Virginia. You can see the other Virginia communities we serve here.
Our what we do page explains how a planning engagement works.
RETIREMENT ENGINEERING™
The Order Matters
Five retirement decisions and why timing matters.
Frequently Asked Questions
Is a Continuing Care Community Entrance Fee Worth Paying?
That depends on the contract, your savings, your home and what you want next. We show how each path affects your spending.
Why Use a Fiduciary Financial Advisor Before Signing a CCRC Contract?
Holland Capital acts as a fiduciary when providing financial planning and investment advice. On a CCRC decision, we say which path fits your plan, whether or not any money comes to us.
The comparison is a fixed fee agreed ahead of time. Later investment management carries a separate fee, explained before you commit.
Where Do Ashburn Clients Meet with Us?
In-person sessions take place at the Regus center, 20130 Lakeview Center Plaza, Suite 400, Ashburn, booked by appointment. Other conversations can happen by phone or video from home.
Photo: Vahurzpu / Wikimedia Commons / CC BY-SA 4.0, cropped.
