Cherry Creek Retirement Village - 2026

Table of Contents

Cherry Creek Retirement Village is an independent and assisted living community located in Aurora, Colorado, offering a blend of services for older adults considering retirement or requiring extra support, including housing, wellness, and social activities; this page explains eligibility, living options, core features, and how Cherry Creek Retirement Village compares to similar retirement living choices.

Who This Applies To & Eligibility

Cherry Creek Retirement Village is designed for older adults, typically age 55 or older, who seek independent living, assisted living, or transitionary support.
Eligibility depends on physical and cognitive ability to live with varying degrees of independence and the specific requirements of the community’s apartments or care levels.
Applicants may need assessments for assisted living if additional care is required.
Policy and admission guidelines may vary between providers and are subject to Colorado law and licensing.

Key Facts (At-a-Glance)

Item	Details
Plan/Program Type	Independent living and assisted living community; private pay model common.
Contribution Limits	Monthly fees apply; costs vary by apartment size, care needs, and included services (“sample/illustrative” only, confirm directly with provider).
Employer Match	Not applicable to residency; financial assistance may be available via benefits, Medicaid (if eligible), or long-term care insurance for qualifying residents.
Tax Treatment	Housing fees may qualify for medical expense deduction if part of assisted living; verify with the IRS or a qualified tax advisor.
Vesting	Not applicable (not a retirement investment vehicle).
Withdrawals	Residents can terminate lease or agreement per contract terms; potential notice period and exit fee depending on contract.
RMDs	Not applicable directly (RMDs may affect how residents pay for care, but not the village policies).
Fees	Monthly fees for rent, meals, utilities, amenities, and care services; “sample/illustrative” ranges—rates may change annually.
Portability	Community-based; transfers only possible by moving to another facility or program.
Loans	Residents typically pay from private funds, long-term care policies, or public benefits; direct loans uncommon.
Beneficiaries	Residents may designate emergency contacts and make health directives; no direct beneficiary for housing contracts.

Contributions, Limits & Taxation

Fees at Cherry Creek Retirement Village are paid monthly and determined by residence size, level of care (independent vs assisted living), and additional services selected.
Costs rise with higher care needs or premium amenities; “sample/illustrative” monthly fees should be checked directly with the community.
Tax deductibility applies only to medically necessary care components—see the IRS publication on medical expense deductions for current guidance.
Catch-up contributions, pre-tax vs after-tax, and similar rules do NOT apply directly, as this is not a retirement account.

Investments & Fees

Unlike 401(k) or IRA plans, residents are not investing in pooled securities; fees represent payment for residence, food, activities, transportation, and care.
Monthly fees typically include base rent, utilities, dining options, wellness programs, and housekeeping; additional charges may apply for medication management or extra health services.
Service fee schedules and annual increases should be disclosed in the resident agreement and official community documentation.
Prospective residents are encouraged to request official fee disclosures from Cherry Creek Retirement Village to compare with other providers.

Withdrawals, RMDs & Penalties

There are no “withdrawal” mechanics as with a retirement plan. Residents leave the community by providing notice per lease or agreement terms—confirm specific notice period and any potential exit fees in advance.
Medicare, Medicaid, or veteran’s benefits may support care costs for eligible residents, but RMD (required minimum distribution) rules apply only to retirement accounts used to fund payments, not to the community operations.
Cancelling or breaking contract terms early may incur penalties or fees; specifics determined by the official rental or care agreement.
Always request and review the latest resident contract and admissions documentation.

Examples & Scenarios

Scenario	Contribution	Tax Treatment	Withdrawal Timing	Notes
Independent Living Apartment	Monthly payment (“sample/illustrative” rate; verify with provider)	Generally not deductible unless included medically necessary services	30-day notice for moving out (typical, confirm per agreement)	Contract-specific; resident responsible for clarification
Assisted Living with Personal Care	Monthly payment plus care fees (“sample/illustrative”)	Portion of medical care fees may be deductible—see IRS guidance	Notice period and termination clauses apply	Eligibility for Medicaid/benefit support possible
Emergency Medical Response	Paramedic/emergency fee (if not covered by insurance)	Medical expenses may be deductible; rules vary	Immediate upon need; not related to lease withdrawal	Safety policies and response protocols in effect

Alternatives & Complementary Options

Other independent and assisted living facilities in Aurora and Colorado may offer different amenities, price points, and care specialties.
Depending on care needs, alternatives include age-restricted apartments, continuing care retirement communities (CCRCs), skilled nursing facilities, or in-home care services.
Consult state and federal resources for evaluating community quality, licensing, and complaint histories.
Long-term care insurance or Medicaid waivers may be available for qualified individuals seeking assisted living support.

Comparisons

Side-by-Side Features

Feature	Cherry Creek Retirement Village	CCRC	Age-Restricted Apartment
Contribution Limit	Monthly fee (“sample/illustrative”)	Entrance plus monthly fee (“sample/illustrative”)	Monthly rent (“sample/illustrative”)
Tax Treatment	Portion may be deductible for assisted living	Portion may be deductible; varies	Generally not deductible
Withdrawal Rules	Notice period per lease	Buy-in and refund rules; notice required	Lease termination terms
RMD	Not applicable	Not applicable	Not applicable
Fees	Monthly base plus services; “sample/illustrative”	Entrance, monthly service, increasing with care	Rent only; limited amenities

Administration, Forms & Deadlines

Admission requires an application, residency assessment, and signed agreement outlining services, fees, and policies.
Official forms are provided directly by Cherry Creek Retirement Village; always use the community portal or speak with staff directly for the latest documents.
Annual review of service agreements and rates may occur; inquire each year about schedule changes and policy updates.
Contact Colorado’s Department of Public Health & Environment for licensing verification and consumer protections.

Risk Factors & Responsible Planning Notes

Living in a retirement community involves exposure to service fee increases, inflation risk, and potential changes in service quality or offerings.
Lifelong affordability is a concern—residents should review financial resources and investigate public benefits or insurance coverage before committing.
Health needs may change, potentially resulting in a need to move from independent to assisted living or to a different type of facility.
Fire, medical, or safety emergencies can occur, as highlighted by recent medical responses and partial evacuations at the property; confirm protocols and staff training.
No investment guarantees are associated with residence; all terms are contractual and may be updated annually—review all disclosures and seek professional input if needed.

Frequently Asked Questions

What types of living arrangements are offered at Cherry Creek Retirement Village?

Independent living and assisted living options are available.
Apartment sizes and included amenities vary; verify units and features on site.
Some health services and wellness programs provided for assisted living residents.

How are monthly fees and care costs determined?

Fees are based on apartment size, care level, and selected services.
Additional charges may apply for specialized care, meals, or wellness programs.
Residents receive an official fee and service disclosure prior to signing an agreement.

What happens in the event of a medical or safety emergency?

The community follows established emergency response protocols, including calling for medical assistance as needed.
Recent incidents, such as coordinated paramedic responses, demonstrate an active approach to resident safety.
Review the facility’s official emergency and incident procedures with staff.

Conclusion & Next Steps

Cherry Creek Retirement Village suits older adults who desire independent or assisted living in a dedicated community with ongoing amenities and support.
Before choosing, thoroughly review the latest official residency agreements, fee schedules, and licensing records to ensure the community fits your needs.
To confirm eligibility, inquire directly with Cherry Creek Retirement Village and consult Colorado’s Department of Public Health & Environment for facility licensing details and consumer protections.
Carefully review all contracts, request official fee disclosures, and consult IRS guidance for potential medical expense deductions related to assisted living expenses.