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Money and Finances
Reply to "Parents out of money at 75"
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[quote=Anonymous]Another option which people around the world use - Why not they sell the house and move in with you? Then invest the money smartly for them, so they are getting some returns. You charge them a acceptable amount for room, board and other amenities (without being greedy), so that they can live with dignity and they also save money from their SS. The saved money will be used to get them the nursing care or hospice care that they need at the end of their life. Take some of the money they pay to get cleaning service, lawn service and inhome care etc at home, so it is comfortable for all of you. Make sure that there is an equitable sharing of their wealth after their passing with your sibling and your sibling is looped into all the major decisions. [/quote]
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