Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "Parking $300k for 80yo mother in assisted living"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous]Hi all - moderately straightforward question here...? Last year due to the onset of mild dementia, (later diagnosed as early Alzheimer's) we moved my mother out of her condo into an assisted living facility. At this time her monthly disability check covers the facility, but when her memory deteriorates to the point where she needs full-time "Memory Care" then it'll go from $4k/mo to $11k/mo... which is *ouch.* Just sold her condo and she'll clear about $300k on that. She's used a Wealth Manager for years to basically charge her an annual fee and mail her statements (nice guy but why pay for this?) He wants to open an American Funds account for her and park the money there. I'm thinking we open her a Vanguard account, manage ourselves, and put ~$200k into VTSAX and the balance into something that will pay regular dividends, but I'm interested in DCUM ideas. Thanks! [/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
