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My mother is 85 and lives in another state (PA). She is still in her own home and hopes to stay there, but it is getting more difficult for her to live alone. She does not need to be in a nursing home at this point, but a retirement home where she would get meals and have someone to check on her and see that she takes her medications would be good. There is a nice home in her community and several of her friends have already moved there.

The problem is how to pay for it. I estimate that if she sold her house and car and added that to her current investments, she could live about 8 or 9 years before bankruptcy. Other than investments all she has for income is social security. I know that if she were in a nursing home, state aid would take over once her assets were exhausted. But what happens if she's still in the retirement home? Do they throw her out or is there some aid available?

I'm retired and my budget does not allow me to make up the roughly $20,000/year shortfall. (Having her move in with me is not an option either of us want.)
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<<My mother is 85...I estimate that if she sold her house and car and added that to her current investments, she could live about 8 or 9 years before bankruptcy. Other than investments all she has for income is social security. I know that if she were in a nursing home, state aid would take over once her assets were exhausted. But what happens if she's still in the retirement home? Do they throw her out or is there some aid available?>>

One figure you don't include is the longevity in your family. 85 + 8 or 9 wouldn't be a bad gamble in my family, but you may be one of those longlived Scandanavians!

Do you know if this nice home in her community has multi-tiered levels of care? That's the best bet for not getting thrown out. Many of them allow you to use part of the equity you put into independent or assisted living into skilled care.

Best wishes. I had a parent in that situation at long distance and it was NO FUN.
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