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Eldercare
Reply to "How people pay for good old homes if they need it for long term"
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[quote=Anonymous][quote=Anonymous]Let’s be blunt. It does cost a fortune. My mom paid for her own by: 1. Going back to work when we were pre teens And getting an old fashioned pension. 2. Selling her house. Common step. 3. Living below her means, being thrifty despite sending kids to top private colleges and going to Europe often. A few years back in a high cost of living city this ran $11, 000 a month. When she later needed full-time care in addition that was another $12, 000 a month. I am sure there are other options that can cost less elsewhere. And good thing we were not hoping for an inheritance.[/quote] Most folks are not fortunate to get pensions, so that is not an option in planning for LTC.[/quote]
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