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Reply to "YOLO vs savings - please share your stories"
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[quote=Anonymous]I'm early 50s, husband is early 60s and disabled. We saved and did not spend a lot on things like vacations. We have savings now for retirement, but hisband is going to need expensive nursing care. All the money we saved so frugally will be needed to pay for this care; and we will spend it all in about 2 years; at which point he will qualify for Medicaid as we will have no assets. He's too ill and disabled now to take any vacations. Since the money won't last long anyhow I wish we had spent more of it on travel and enjoying life! If neither of us ended up disabled and needing decades of care, though, saving money would have been a good strategy for our retirement years.[/quote]
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