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Money and Finances
Reply to "Parents out of money at 75"
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[quote=Anonymous][quote] They obviously can’t afford to live in the house anymore if they can’t afford maintenance and repairs. I am hesitant to recommend selling and renting since they may not be able to manage the money well. Perhaps selling and moving into a retiree community is best? That way there are no surprise maintenance costs and costs are kept under control..[/quote] Retiree communities are not cheap. Renting would be cheaper. There are no surprise maintenance costs with renting. Landlord maintains it. When/if they need nursing care it is likely that they will go on Medicaid. [/quote]
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