patrick.net

Depending on the state, Medicaid will pay for some of the assisted living costs. Because kids were dumping their folks into assisted living, absconding with their accumulated wealth, and having Joe taxpayer pick up the bill, usually now the senior citizen has to have exhausted all or most of their wealth beforehand, or iit may be applied to pay the cost of assisted living.

So, Medicaid plus the senior hands over their SS check, and if the are lucky, pension check, and the cost may be covered. Yet another reason to stop the flow of illegal gimmegrants.

https://www.payingforseniorcare.com/medicaid-waivers/assisted-living.html

MrMagic says

B.A.C.A.H. says

Easy Peasey.
Pay off mortgage,

Why, you can make more investing it than tying it up, not liquid, in a house.

B.A.C.A.H. says

pay down kids' student loans.

Dumb, that an even bigger waste of money with less of a return. It's THEIR college, they pay for it, not you.

Silly MrMagic,

you know everything that's best for everyone without even knowing them.