Wife and I will celebrate 80th birthdays this year. She is on that long road of memory loss. Planning for the future. Our finances are as follows.
I have a military pension, SS and a modest annuity(401k). She just has SS.
If and when it comes to her having to go into a facility do all of my finances factor into paying for her care, whatever that may be? Our total incomes, excluding the annuity, covers all of our current expenses, with not very much left over to pay for full facility care, what ever that might be.
Any advice would be appreciated.