Assisted Living Financial Calculator
Assisted Living Financial Calculator
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The Assisted Living financial calculator will guide you through the ways of affording senior and assisted living. If you are completing this for more than one resident, please include the total amount of income for both residents who will be residing in a single unit.
Answer each question to the best of your ability. Upon completion of the calculator you can download your budget, save to your profile to access later and share, and download.
1. Do you receive Social Security income?
If yes, what is your monthly Social Security income?
2. Do you have retirement savings, such as a 401K or IRA?
What is the total amount you plan to withdraw from all retirement savings monthly?
3. Do you have personal savings, such as cash, money market, stocks, CDs, home sale proceeds, etc?
If you plan to make monthly withdrawals, what is the total monthly income from all personal savings?
4. Will you receive outside financial support? For example, will adult children or family members contribute to your living expenses?
If you will receive outside financial support, what is the total monthly amount to be received?
5. Do you have any other sources of monthly income, such base property income, business entities, reverse mortgage, etc?
What is the total amount of monthly income?
6. Do you have annuity or pension incomes?
What is your total monthly income from all other annuities and pensions?
7. Do you have a Long-Term Care Insurance policy?
What is your monthly Long-Term Care income?
8. Do you receive Medicare assistance?
What is your monthly Medicare assistance?
9. Do you receive Medicaid (or Medi-Cal) assistance?
What is your monthly Medicaid (Medi-Cal) assistance?
10. Do you have a veteran pension?
What is your monthly veteran pension income?
11. Do you receive Veteran Aid & Attendance?
What is the amount you receive monthly from Veteran Aid & Attendance?
12. Do you receive any other monthly income or benefits?
What is the amount you receive monthly from other sources?
13. Do you have a home equity loan or bridge loan?
What is the monthly payment for your home equity or bridge loan?
14. Do you have a life insurance loan?
What is the monthly payment for your life insurance loan?