US EditionI have $400,000 in IRAs. Can a nursing home take my savings?
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I have $400,000 in IRAs. Can a nursing home take my savings?
Key Points A nursing home cannot take money from your retirement account. However, if you’re counting on Medicaid to pay for long-term nursing home care, the funds in your IRA may impact eligibility. Your best move is to work with a financial advisor or attorney who specializes in elder-related issues. Are you ahead, or behind on retirement? SmartAsset’s free tool can match you with a financial advisor in minutes to help you answer that toda…
·New York, United States
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