My mother is 98 and I am 70. We have no living husbands, no rich children, uncles, aunts, grandparents, grandchildren, nieces or nephews, or rich friends. We have no business income, no rental properties, no stocks and bonds, no savings or other investments to live off of. The economy has been based upon two substantial incomes for decades and decades. We have been left out of the prosperity of the past generation. The people who need the most help get the least. What kind of "financial planning" can you suggest when there is no money?

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Most of us do not have rich children, uncles, aunts.....No business income, rental property, stocks, bonds.....And all it takes is 1 devastating accident or prolonged illness to wipe out what savings there might have been. If at all possible for those of you young enough get Long Term Care Insurance to prepare for the future. If they still have the ones that will convert to a life insurance policy in case you do not need long term care.
And do not worry about saving money to pass down, use what you have saved for yourself to care for yourself.
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Have you applied for Medicaid?

Have you been in touch with your local Area Agency on Aging?
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