I need your input please. We’re caretakers for both mothers, 85 & 89 years young. Neither mother has LTC insurance. At this time, they both need 24x7 aides to help them. They’re both mobile & independent to some extent. Unfortunately, the cost is high to pay for the aides or to go to Assisted Living. Experiencing both, I would tell you that I find you have more control over quality of care if the mothers stay at home. They’re paying from their nest egg but concerned they would both run out of money. Both mothers want to leave inheritance to their children. I wonder if it might make sense to get an immediate annuity to cover some or all of the expenses. Is there any value of doing this please? Thanks for your response.
Statistics: Posted by yvette — Sat Sep 21, 2024 1:20 pm — Replies 3 — Views 212