The Motley Fool Discussion Boards
Personal Finances / Buying or Selling a Home
|Subject: Re: Buying Retirement PLace in Fl||Date: 10/31/2013 10:53 PM|
|Author: TMFPMarti||Number: 126500 of 128427|
My parents live in Tampa on the West coast. Any benefit of having them buy a 55+ condo(really for us) and somehow leaving it to us down the road but in the meantime we would use it 2-3x's a
Didn't your parents tell you when they put that "We're Spending our Kids' Inheritance" bumper sticker on their new Rolls? It's not good to include inheritance in your retirement planning. You wouldn't believe how fast long-term care can eat through what you thought was a nice nest egg.
Meanwhile, how is this supposed to benefit your parents? Now they're stuck with another residence in their area that they have to maintain so you can use it a couple of times a year?
Rule Your Retirement Home Fool
|Copyright 1996-2017 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|