Elizabeth Ayoola

Hi, guys.

Happy to be here.

Sounds pretty complicated, but our listener's question seems to basically be, how do I pay for senior living care?

But it could just as easily be, how can anyone afford senior living care with how expensive all of these prices are you guys just mentioned?

So how do people typically gather the funds for this?

Are people using their retirement funds?

Are they using social security?

Are they using cash savings?

And I imagine that people have to get creative here in terms of paying for it.

I always love those.

I came across an Instagram post a couple of years ago of elderly women who did that.

They all bought a huge house and just lived together.

And I thought, how cool is that?

It is.

And when I think about it, Kate, because I do know many people who are in the sandwich generation currently and having to take in their parents, well, not having to, choosing to take in their parents.

I don't know many people who have or anyone who has their parent in assisted living care or a nursing home.

Well, our listener mentioned two payment structures, monthly payments and also a buy-in structure.

So Kate, can you outline how these work typically?

Certainly a silver lining there.

Yes.