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Eldercare
Reply to "Senior Living Convo with Parents"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Do not do the assisted living route. It is a money grab scheme by private equity companies. They will be left with nothing. Do the extra work and find an apartment or condo and then hire help as they need it. We went the AL route and they have successfully separated my parents from half a million with no end in sight, and they are miserable.[/quote] How much do you think help costs? Even at $25 an hour full time care is over $200,000 a year. [/quote] My mother did this route for awhile. Independent senior living which was only around $900/month with no help, and then home health care aids for twice a day at 30min per visit. It kept her expenses under $2000, which bought her in total an extra 5 years before she had to move to assisted living. This went a long way towards stretching her funds out. This was in a lower COL area but the idea might still work here. That being said, if they can afford Methodist Asbury, I have heard good things about it. [/quote]
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