LOS ANGELES: A government instrumentality has felt it necessary to convene a series of public meetings to warn about the risks of buying into a retirement community.
Troy Churton, retirement communities national manager at the Commission for Financial Capability, said people needed better information before committing.
The retirement community Deferred Management Fee (DMF) business model has been vilified. But as obnoxious as the model might be, it is even more extraordinary that a paid public officer be sent to preach its pitfalls…