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Money and Finances
Reply to "Not fully funding 401k? Why not?"
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[quote=Anonymous][quote=Anonymous]Not everyone needs to retire with 2 million in the bank. Plenty of people's have survived their whole lives on 50k and will do fine on that in retirement (not in this area of course). In dhs hometown 3 hours from here you can buy a nice townhouse (3 bedroom) for 75k. Most of these will run out if they need long term nursing care, but Medicaid nursing homes will be ok. [/quote] As someone who works in long term care / assisted living I am sort of chuckling at any plan that involves government reimbursement for nursing support. By sort of chucking, I mean I am laughing at the thought that someone believes MedicAID (or even MedicARE) would be able to sustain a current level of service given the Senior tsunami that is coming. But it is offset by my dismay that someone, likely many, will use this as an excuse to not save beaucoup bucks for retirement. [/quote]
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