No. of Recommendations: 1
....I will need to find a place to live. Expenses at that juncture, will go up.....

I don't know about the numbers but one thing to keep in mind if you need to find a nice inexpensive place to live that it might be possible to find a position as a "live in companion" to enable an elderly person to live at home in exchange for free room and board.

In an ideal situation this would mostly just involve being there to call 911 or a relative if there is an emergency or the person needs some help. Since you have a car I would assume that you can drive so you might also be able to occasionally take the person to things like doctors appointments or shopping.

When my Mom was elderly she insisted on staying in her house, she was able function pretty well and had one of those "help I've fallen and can't get up" panic buttons but she would have been in trouble if she couldn't have pressed the button when she was alone. She usually had people like housekeepers there during the day but she was alone at night. All my siblings and myself lived out of state and we would have felt much better if there was someone there at night and she had three empty bedrooms in the house so if she had someone living there it would have really help everyone's peace of mind.

It sounds like your disability isn't enough to keep you from living on your own so even if some accommodations need to be made, it sounds like you could do this in the right situation.

Being a live in companion is different than being a live in caregiver which would be a paid position and involve more work doing things like helping the person dress and function.

You would of course need to check out the details of the disability payment rules to make sure that you that this didn't cause problems. You might need to officially rent a room at the house for a nominal amount (like $10.00) each month if that would prevent problems with the disability rules.

Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! 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.