Need help w fam situ: Parents are divorced but share an apt in my city. Dad pays for apt &visits; mom lives there full-time & pays utilities. Mom works PT& has variable income but makes ~$40k; she has no health ins & ZERO saved for retirement. She has a condo she rents out & clears $200/mo, but she fails asset test for county insurance assistance program due to condo. Any ideas about what we could do w the condo? She's too young for medicare/medicaid. Employer ins too expensive

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2-3 years will fly by… look at the last two years lol. If you can make it to the condo being paid off that would be amazing.

likesmart

Sell the condo, put the assets in an IRA, start contributing something to retirement.

Can you help her get a FT job that has benefits?

She's a massage therapist; she doesn't have the stamina to work FT. Are you dating she should start contributing to her own IRA or I should? Re the condo: probably another 2-3 years until it's paid off, after which the rental would bring in a larger monthly income. Still sell? I imagine by that time she will be ready to cut back even further at work or stop entirely.

Basic info

https://www.yahoo.com/video/property-trust-needs-one-153416876.html
It may be worth at least consulting an attorney

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