UnThreaded | Threaded | Whole Thread (9) | Ignore Thread Prev | Next
Author: Watty56 Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 1498  
Subject: Re: "The money will run out in 8 years.&quo Date: 2/17/2008 3:59 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
Because of the housing bubble and not knowing what their local housing market is like I hesitate to mention this but you can take this as more of a brainstorming idea than a real suggestion.

When my in-laws had their modest retirement home built they had an apartment designed into the back of it so they would have some retirement income. This way the house would basically generate enough income to pay for the maintenance and property taxes so that they would have their housing covered as long as they were able to live independently. The plan was that if they ever need to move to a nursing home they could then sell the house to pay for their nursing home. Your friends in-laws could do much the thing if affordable duplexes are available in their area.

For what it is worth, I suspect that you haven’t gotten the whole story.

Greg
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (9) | Ignore Thread Prev | Next

Announcements

Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

Looking at Currency Ratios
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement