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Eldercare
Reply to "Not when, but WILL you retire?"
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[quote=Anonymous]Probably not. We're very frugal and save like crazy, but we had to use most of our non-401K savings to get through double job loss and financing a move to find work during the recession. We're underwater on our old home and lose money every month there. We expect it will take us 5 years to get back to zero, all together. Then we will have to save at twice the pace for the rest of our working lives to catch up on the savings we had to spend to get through the recession. We also have very low-income parents whose old age care we'll have to finance and a child. Even with our best efforts, we are going to have to work until we are in our 70s or 80s and will likely have to shortchange DC on college.[/quote]
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