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Money and Finances
Reply to "Parking $300k for 80yo mother in assisted living"
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[quote=Anonymous][quote=Anonymous]What was the wealth manager managing? She has money other than the $300k house proceeds?[/quote] I think this is an important question. Is the “disability” shorthand for all her sources of income today (SS and/or pension plus earning on investments)? Will that continue indefinitely? Depending on how you want to care for her, you may want to invest what is leftover monthly now for the future and as the expenses go up consider supplementing a little as you go along vs draining it all and the having to take over a larger monthly deficiency when everything besides her ongoing income stream is gone.[/quote]
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