Personal Investment & Financial Planning Q`s/parents helping disabled adult son stay in home
Hello, I am 38 years old.male, I am disabled and get S.S. disability payments.$739 A MONTH, OF WHICH, $104 GOES TO PAY FOR
MEDICARE. I live in New York in nassau county. I live at home. Both parents are still alive, IN THEIR 70'S and they own
the house How can my parents and I plan for my future financial concerns. Assuming I stay in the house after they pass.
How do I pay for ALL ALL ALL expenses.-- Taxes, Insurances, utilities etc.. and spending money. What steps can my parents
and I take to start investing now for my retirement or more likely, for when my parents are gone. There is still a good
possibilty of me working in the future. but of course that's depending on various medical conditions. Thank you for any
Hi Jon. I would love to answer your questions and help if I can, however, the question above asking "what steps you and your parents can take for your retirement" is such a general question that it is difficult to answer. There are many different steps once could take and the right steps if dependent on many factors unique to them and what they are trying to accomplish. If you have a specific question or specific questions, please respond and I will do my best to answer. Thanks,