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Reply to "Dealing with $$ and aging parent - when to tap investments? "
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[quote=Anonymous]OP here - all, thanks so much for the comments. You've all raised some good points. Seems like I need to do some more reading about Medicaid. Right now the $200K yields investment income that supplements my mother's pension and SS and covers most but not all of her expenses (hence my brother's request for additional funds). She's in a retirement community she dislikes...although I think she'd dislike anything. She's having a hard time with the other residents and staff. I can't help thinking that it might be a good idea to take some of the $200K, sell it, fund a stay in a nicer place with (hopefully) better food but also with a broader spectrum of continued care...so that if/when the time came, she could go to a nursing facility and even go on Medicaid... I don't know...this is so hard... [/quote]
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