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[quote=Anonymous][quote=Anonymous]A close friend of mine in her mid-50s has nothing saved for retirement and lives paycheck to paycheck. She has worked in a high-paying job for her entire career, has no children (so no associated costs of child care or children's expenses), and has never owned property, so while not building equity, also has no home repair and maintenance costs and minimal furnishing costs. She treats shopping as a hobby and seems to be uncomfortable if money sits in her checking account too long without spending it. I have tried talking to her about making a plan so she has choices and does not need to work the rest of her life, but it has not been successful. I worry about what she will do in the future.[/quote]

She should move to CA, apply to an income restricted housing complex (she’ll be under limit even with her high SS benefit), she’ll pay around 2k and have another 2k to live on. She’ll even be able to get Medicaid with a share of cost (which is then eliminated or reduced) and care giving hrs from the state.
She can then split the hrs with her caregiver or just have a caregiver for free
She’ll be fine [/quote]

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