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Eldercare
Reply to "Reverse mortgage retirement plan?"
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[quote=Anonymous]Is the 1M for sure? If it's from parent/s what is their plan for elder care? If they have to pay for elder care with that money then it could be reduced. As stated already, you have time to save, and you should max out savings plan and extra if possible. Figure out how much you truly spend, including healthcare since you won't be eligible until you're 65, meaning you will have to pay for it yourself. And set up an account with the IRS to determine what you will make in SS at the different ages. [/quote]
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