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Eldercare
Reply to "How to make sure DH and I are not a burden on our children someday when we are elderly?"
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[quote=Anonymous][quote=Anonymous]My wife works as a nursing home administrator. If you think this is possible, well I don’t see it. Biggest thing you can do is have money. But people change when they get old. While you think now that you will be fine moving out of your house and you think insurance will pay for your care, when people get old they have a skewed view of what they are capable of and your kids think you are less capable than you actually are. FWIW, my wife says that rarely does LtC insurance pay for more than Medicare and she thinks it’s a waste of money. [/quote] This information is really helpful; thanks for posting. Having seen my mom go through these issues with my grandparents, and now starting to go through them myself with my parents, it's hard to watch. My grandparents had plenty of money and that was huge (although still challenging). Someone above mentioned Leisure World: LW is cheap! Especially compared to true care facilities. We're prioritizing retirement so we can pay for whatever needs we have (unlike my dad, for example). Things like attending to health and mobility certainly help but are not a panacea.[/quote]
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