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Eldercare
Reply to "Is $400k enough to get someone into assisted living?"
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[quote=Anonymous]OP, my MIL has a fairly high level of care (wheelchair bound for the most part--she can get herself to the bathroom through) at a sunrise facility in richmond. She pays 6k/month for everything, which includes medication management, mobility assistance, meals, etc. When we looked into other facilities, rates for smaller rooms/studios were between 5-7k. Might be worth looking outside of the immediate area. The reality is that he is 82, he enters AL at 84, with his income and investments, he could probably pay for 8-9 years of AL at about 6000-6500/month...you can always try some of the senior placement agencies and just talk to them about his income and needs to get a sense of what's realistic. [/quote]
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