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Reply to "Parking $300k for 80yo mother in assisted living"
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[quote=Anonymous]Hey all - OP here. Sorry to disappear for a few days... busy week. 1. She is a retired physician who had disability insurance and had to retire early, so she gets $7500/mo for life from the insurance company. This amount is not adjusted for inflation and has been going on since the late 90s. 2. I forgot about Social Security... That's about $2250. 3. Since the earlier posts I have looked into her other investments and the wealth manager has another ~$230k in ClearSpring 3/4/5-year annuities at 4-5% and an Allianz IRA. (NFI) IRA withdrawals were about $31k for 2024.[/quote]
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