Reply to DW doesn’t want my mother to move in with us.

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Do not move her in. Is money the problem?[/quote]
When is money not an issue for elder care?  Elder care is expensive.  [/quote]

+100.A lot of elder apartment buildings cost more than $10k a month for a unit. Visit one and you'll find out that a lot of the people are retired law partners and VP's because average or even slightly above average earners cannot afford the cost.[/quote]

Okay good for you.  My father in law could afford ir too.  But not everything can be planned for and sometimes people find themselves 75 years old and living on a fixed income.  The point is that people who tell people to just go to a retirement community often have no clue what it costs. There is a reason so many people stay in a big house well into old age. It's because they own

My parents never made over $45-50K total between the two of them (and that was only after the SAHM went back to work when we were in MS to help save/pay for college).  They lived frugally and by their late 70s, decided to sell their home (35 years there, all paid off), and with the $250K from the home, had a net worth of ~$800K.  They got there thru saving/investing whenever they could.  And most importantly, living frugally.  
As a reward, they now live in a very nice CCRC where almost all residents are much "richer" than them.  They did need me to pay the entry fee, but after that they can afford to live into their 90s with their LTC insurance (2 year payout when needed).  Heck they'd be able to without the LTC payouts when needed.

It's called planning.  My parents didn't want to be a burden, they didn't want to run out of money, so they just saved saved saved and lived below their means.  In return, they have more than most, even people who had so much more while working 
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