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Eldercare
Reply to "Panicked about finances now that I see how expensive eldercare is"
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[quote=Anonymous] As I deal with things like nurses, etc for my own parents (which luckily they saved for) I am suddenly panicked about my own savings and retirement. We are good savers or so I thought and we put away for the kids' college education too, but all of sudden I don't feel like we are in good shape. The money goes so darn fast if you need a lot of care. It seems like I could never save enough to ensure high quality care. Also I do some things for free for my parents in addition to the care they pay for from professionals. I don't want to impose on my own kids and who know where they will live. My dream has always been to stay working part time through old age, but I had not truly thought about what it is to lose my faculties and mobility and the cost of quality 24 seven in home care or nursing home care is astronomical. I now feel like being really thrifty. I know we still need to lead our lives and enjoy, but I hate the idea of needing so much money for a life I won't even enjoy by the late stages if I end up with say Alzheimer's. I wanted to save as much as possible to travel a lot in old age, but not to have 24 hour nursing care :(. Anyone else suddenly get really stressed about money when you had to see the reality? I am endlessly fortunate they saved and I know this may be first world problems.[/quote]
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