Reply to How much in assets to yield $15,000/month in investment returns?

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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][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]

DP. Classic DCuM answer. No actual insight on the question asked, but wants to contest the premise. Why in the world do you think this is any of your business?

I doesn’t matter what your granny did. Early onset dementia is a thing, and people can live a very long time with it. My grandmother needed round the clock care in her 70’s, was otherwise healthy and lived to be 95. [/quote]

Needing AL in your 60s is highly unusual.  Op asked for a number and people provided it using the typical scenario of an elderly person going into AL in their 80s with a remaining life expectancy of maybe 10 years or so.

Someone going into AL in their 60s is in a completely different situation. That’s not due to general aging, there’s a disease at play, and the responses would likely be different if people knew what the actual scenario was, as the remaining life expectancy is very different.  [/quote]

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