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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 128887

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?

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