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Money and Finances
Reply to "Parents out of money at 75"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I would sell the house and get them into a continuous care community near you, take the left-over money and put it in the bank/whatever a financial planner recommends. Use the extra money for fun trips and save some for care when they are too told to care for themselves. We did this for my mom and it was the best thing we did. Friends, no house to care for, activities, easily affordable. [/quote] This is the answer. I know several friends that have done this and were able to afford their lives. [/quote] They are not qualifying for a CcRC, at least not once where "no price increases for advanced care". [/quote] CCRC's have a huge amuont of monthly fees.[/quote]
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