Will Your Elderly Parents Have Enough to Live on?

Senior housing and personal care services can be very expensive. How will your elderly parents make their money last?

To pay senior living expenses, seniors may sell the family home and use the money for a senior living residence, retirement community, and eventually, personal care. Many seniors are able to live off their investments. Or they've protected their assets with long term care insurance. A few tap into their home's value through a home equity loan or a reverse mortgage. Unfortunately, a large number of elderly must rely on Medicaid, a government program for the indigent.

What if your elderly parents can't afford expensive senior living, or they'd prefer to live more modestly? Fortunately there are a variety of affordable options to preserve financial resources.

How Can You Help Elderly Parents Make Their Money Last?

Elder Life Advisors can help your family evaluate options to extend your parents' financial resources. We'll help your family create an integrated plan to better control the cost of housing, care, and services, and to make the money last longer.

To learn more, please submit a family information request.