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Bank trying to persuade me to go for annuities for a parent in memory care?
Bank trying to persuade me to go for annuities for a parent in memory care? One of my parents is in memory care with a bill of $6800/month. That parent has $2 million at a major US bank. I am the power of attorney and sole decision maker as well as sole beneficiary. The parent has an additional $1 million in stocks at Vanguard as well as a $500k house which is currently on the market. The $2 million at the bank is in mo...
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