My wife and I are elderly. I have an individual retirement account (IRA) worth about $100,000, and we have a trust set up through our children to protect our assets. If one or both of us have to ...

The post Can a Nursing Home Take Our Savings? We Have a $250k IRA, a House and Other Assets appeared first on SmartReads by Medical Costs in Retirement: Can a Nursing Home Take Our $250k IRA or Home?

For married couples, the at-home spouse who will not receive nursing care often can keep up to $148,620 in assets in 2023. If you need help planning for these potential expenses in the future ...

Can a nursing home seize your savings? What if your money is in a trust or a Roth IRA? For married and single retirees alike, these are important questions with nuanced answers. First for the good ...

Answer: If you’re in a situation where your mother needs nursing home care, you may be thinking your only option is to spend down her assets so she can qualify for Medicaid. Unlike Medicare, Medicaid ...

If you’re married and your spouse lives at home, he or she can usually keep up to $117,240 in countable assets in 2014 (see medicaid.gov for your state’s rules).

Fidelity found a 65-year-old will incur an estimated $165,000 in out-of-pocket healthcare expenses during retirement. ... Care differences between assisted living vs. nursing homes.