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What happens if my step father runs out of money to pay for retirement living?

My step father is now paying about $4000 a month for assisted living. His income is only $2200 a month and his saving is at $20,000. He willrun out of money within a year. He lives in Canada and he makes about $26,000 a year and to be subsidized he has to make less that $22,000 a year. What do we do??
Status: Open    Oct 21, 2015 - 11:28 AM

Canadian Questions, Finance

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APFM Staff Answers

Oct 29, 2015 - 10:44 AM

Hello -

If you have questions about senior living financing options in Canada please feel free to give us a call at 866-568-2989. We would be happy to have you speak with one of our Canadian Senior Living Advisors will be happy to explain the senior living and care options available in your step father's area.
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