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For $42,000 in assets....
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<blockquote data-quote="hearts and roses" data-source="post: 103421" data-attributes="member: 2211"><p>Thank you. My mother has no assets - zero, zilch, nada, nil. She was a middle class working mother of 5, all spread out over a 17 year time frame. She was in charge of the money while I was growing up and she & dad were never able to save anything and she was a spendthrift when they did. When my dad died I think his funeral costs were covered but that's it and she did receive a pension check from him until she remarried. We told her to just live with her 2nd H, but he insisted they marry. Well, they both lost their spouses SS and pension checks! Silly old fools. I am not angry about that - I know she's not the only one in this situation. I would say most of the elderly are in the same shoes - they live off whatever they get from SS. It's only those who are just now entering retirement who had the benefit of seeing that SS would not be enough when their time came.</p><p></p><p>Out of all five siblings there is only one who is in a financial situation to truly help, and that is loco sister. I know she would do what she could, but I fear it would not be enough. After all she has 3 kids in college even if they are well off. The other 3 all have kids who are either in college or almost in college so finances are tight at best. And then there is my oldest sister who is 61 and she is just now figuring out her own retirement options financially. </p><p></p><p>I think it's going to come down to mom living with one or more of us and having a nurse or aide come in to care for her when we're not home, which is probably most affordable if we all chip in. I have to call my sisters later and let them know what's up. </p><p></p><p>Thanks as always.</p></blockquote><p></p>
[QUOTE="hearts and roses, post: 103421, member: 2211"] Thank you. My mother has no assets - zero, zilch, nada, nil. She was a middle class working mother of 5, all spread out over a 17 year time frame. She was in charge of the money while I was growing up and she & dad were never able to save anything and she was a spendthrift when they did. When my dad died I think his funeral costs were covered but that's it and she did receive a pension check from him until she remarried. We told her to just live with her 2nd H, but he insisted they marry. Well, they both lost their spouses SS and pension checks! Silly old fools. I am not angry about that - I know she's not the only one in this situation. I would say most of the elderly are in the same shoes - they live off whatever they get from SS. It's only those who are just now entering retirement who had the benefit of seeing that SS would not be enough when their time came. Out of all five siblings there is only one who is in a financial situation to truly help, and that is loco sister. I know she would do what she could, but I fear it would not be enough. After all she has 3 kids in college even if they are well off. The other 3 all have kids who are either in college or almost in college so finances are tight at best. And then there is my oldest sister who is 61 and she is just now figuring out her own retirement options financially. I think it's going to come down to mom living with one or more of us and having a nurse or aide come in to care for her when we're not home, which is probably most affordable if we all chip in. I have to call my sisters later and let them know what's up. Thanks as always. [/QUOTE]
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