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Reply to "How much in assets to yield $15,000/month in investment returns?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Thanks, PPs. Mom is in her mid-60s and is mostly in good physical health. People in her family generally live into their 90s. She has nowhere remotely close to $4 million in assets and she gets a modest amount of SS. [/quote] This makes ZERO sense. My mom is in her 70s and is of course living independtly. If youre mom is healthy why in the world would she need assisted living? My boss is in his mid 60s and might as well be in his mid 40s. To think of either of those two in assisted living is laughable.[/quote] Another one who does not understand why the need for assisted living now. My great aunt is turning 90, and only moved to assisted living 3 years ago. And she's at the lowest level of care. Before that she lived with her spouse, independently, and with her son. [/quote]
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