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Reply to "Care to share what you (or loved ones) pay for assisted living?"
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[quote=Anonymous]My neighbor just put his parents in assisted living. They had to repair and sell the parent's home, proceeds going to an account for their expenses, neighbor is in charge of the account. He told my husband it was $ 40,000 a year, may be some adjustments in money in the future. Neighbor had to find a higher paying job to grow the the expense account. All the siblings contribute what they can. There will be no inheritance. As PP above said, that is why you squirrel away as much retirement as you can. You never know.[/quote]
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