Reply to How much in assets to yield $15,000/month in investment returns?

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Reply to "How much in assets to yield $15,000/month in investment returns?"

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[quote=Anonymous]I need someone good with finances to do a quick calculation for me.

I am in discussion with my clueless and strategically uninvolved sister regarding our mother’s care. Our mother needs to go into an assisted living facility, and my sister is in total denial and is balking at the whole process. She said I need to just put all of our mother’s assets into some kind of investment or annuity or something so that my mother could get $15,000-$20,000 a month as a return. Then we could keep her in her home with round-the-clock care.

Because my sister is totally clueless, by her own choice, she has a very fictional idea of what our mother’s assets are. So that got me wondering how much my mother would need to have an order to convert it all into a $15,000 a month investment return (assuming run-of-the-mill investments and nothing crazy-risky). Is there anyone here who could do a back of the envelope estimate for me? I want to see just out of touch with reality my sister is.[/quote]

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