Search found 6 matches

by Zombies
Sun Jul 16, 2017 7:13 pm
Forum: Investing - Help with Personal Investments
Topic: Elderly Grandparent's investment allocation
Replies: 18
Views: 1422

Re: Elderly Grandparent's investment allocation

If sounds as if she's in a Continuing Care Retirement Community (CCRC). Under IRS Code 72-124 , she cannot be asked to leave due to lack of funds. But this is only true for CCRC retirement communities. Yet some have gone into bankruptcy, residents lost their buy-in, and were forced to go elsewhere....
by Zombies
Sun Jul 16, 2017 7:10 pm
Forum: Investing - Help with Personal Investments
Topic: Elderly Grandparent's investment allocation
Replies: 18
Views: 1422

Re: Elderly Grandparent's investment allocation

A gentle comment-seems you are seeking opinions that have not been sought to manage a situation you have neither the responsibility nor authority to manage, about a relative who is living at a far distance and whose welfare seems to be managed quite successfully by other family members who are doin...
by Zombies
Sun Jul 16, 2017 2:42 am
Forum: Investing - Help with Personal Investments
Topic: Elderly Grandparent's investment allocation
Replies: 18
Views: 1422

Re: Elderly Grandparent's investment allocation

Yes -- I don't know the legalese of the deal, but supposedly as long as the money runs out under reasonable circumstances they will cover the monthly fees in perpetuity until death. I think they claw back some of the equity in the unit and they surely must have protections from her buying a Ferrari ...
by Zombies
Sat Jul 15, 2017 9:53 pm
Forum: Investing - Help with Personal Investments
Topic: Elderly Grandparent's investment allocation
Replies: 18
Views: 1422

Re: Elderly Grandparent's investment allocation

Fair enough. I like the "money I can't afford to lose" framing -- the 30/70 suggestion likely covers that, but I will run the numbers on projected spending and current AA and figure out if adjustments are necessary. Much appreciated!
by Zombies
Sat Jul 15, 2017 7:26 pm
Forum: Investing - Help with Personal Investments
Topic: Elderly Grandparent's investment allocation
Replies: 18
Views: 1422

Re: Elderly Grandparent's investment allocation

But in this case where she's already 95 and she has more than enough to cover her expenses -- combined with no real need for inheritance or a gifting legacy -- what's the point of that?
by Zombies
Sat Jul 15, 2017 6:50 pm
Forum: Investing - Help with Personal Investments
Topic: Elderly Grandparent's investment allocation
Replies: 18
Views: 1422

Elderly Grandparent's investment allocation

Hi everyone -- long time lurker, first time poster. My parents are visiting and the investment care for my grandmother came up, so I wanted to solicit input. My 95-year old grandmother (a widower) is in good health, and lives in an Elder Care community. Her two sisters lived to 100 so we imagine she...