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Reply to "Dealing with $$ and aging parent - when to tap investments? "
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[quote=Anonymous]I was in your brother's position so I feel for him and don't doubt his claims of being owed $6K. That said, I personally don't see why you can't tap into the principal. Let's say she lives until 100. That's 132 months from now. That means you could draw $1500 a month, break even on investments, and it would still last until she turns 100. Your brother should be willing to clarify specifically what her income and expenses are each month. Your mother collects social security income, how much is that? Does she have any pension from her nursing work? Any other assets or sources of income besides her $200K inheritance? You could also agree that any amount each of you ends up contributing to her care now should be offset against your share of future inheritance, should there be any. [/quote]
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