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[quote=Anonymous]As my parents are getting older and I am beginning to think about their options for long term care, I have been talking about retirement options with many people.

My parents were good savers. Not a lot of income, but they did sock away a very small nest egg. There plans were for the kids to inherit this money, after all, they worked very hard and made many sacrifices to save it for us. In their culture,  it is very common for the parents to have the child inherit their assets and in turn, the child takes care of the parents. In the US, that isn't easy - especiallyu with dual working parents.

Anyway, Speaking with my SIL parents, who are both recently retired, I found it fascinating and surprising that they have saved NOTHING for retirement. Why? because they both worked and are currently receiving social security and disability payments, moved to delaware and can survive just fine on what they are receiving. If the need ever arises where they need nursing home care, medicaid will pick up the tab.

In the case of my parents, if they need nursing care, they will need to pay for it with the money they saved before medicaid kicks in. That just doesn't make sense to me and it doesn't seem fair.

So what is the point of saving for retirement, especially if you end up going to a nursing home and get the same care as a medicaid recipient? I feel sad for my parents, as they are realizing this, and have now reached a point where they are both too old to use up there money and travel, etc. When I look at SIL parents and my parents, it makes me so upset to see how a couple, who had on and off jobs all their lives and have saved no money are in the same position as my hard working parents, who reallhy thought that the money they saved would stay in the family. It almost makes me want to take my retirement savings and spend it so i can enjoy life a little more.

Just wondering if I am missing anything?[/quote]

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