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Reply to "Sandwich generation home stretch "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We make way less money than you do OP (we bring home about 13k/month after retirement and health insurance) but we will have fully saved for college by the time our kids go and our house will be paid off the year our second child leaves for college (15 year mortgage.) Its great that you have so much income, but why didn't you save more all along?[/quote] Are we now obligated to save for our parents’ LTC in addition to our house down payment, kids’ college tuition, our own retirement and possible LTC, and medical expenses and other unforeseen expenses? And you know that LTC is upwards of 10,000-15,000/month.[/quote] That the price of memory care. LTC is not anywhere close to that price. Maybe you are thinking of basically end of life clinical care? I just had to arrange that for my grandfather and it was considered clinical care and was 2k/week in a semi private room in NoVA. He only lasted 6 weeks. [/quote]
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