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Eldercare
Reply to "How to make sure DH and I are not a burden on our children someday when we are elderly?"
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[quote=Anonymous]My parents (well, my dad) is horrible at this. His parents were awful at this too. They refuse to discuss it in their family and just leave a mess for others. My maternal grandmother, on the other hand, did this right. Here is everything she did: 1. Made sure she had an income stream--social security and rental income (she pays someone to manager her rental)--after she retired. 2. Moved to a senior living community while she and grandfather were still healthy. When he became ill, they had a care plan, funds, etc. in place. 3. Has terrific health insurance and savings plus insurance for long term care, if it comes to that. 4. Has already done things like purchased the plot next to where grandpa is buried, etc. and set aside all money for the funeral, etc. 5. Only has a small 1BR apartment of stuff, can easily be moved out in a day. Has given away most valuables to her kids.[/quote]
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