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Eldercare
Reply to "I’m young (27) and my parents (60 & 61) have told me that the will “never be able to retire”"
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[quote=Anonymous][quote=Anonymous]I feel horrible about this and it makes me worried about the future. My parents have made about $150k (combined) in LCOL for about the past 10 years at least and never seemed to live extravagantly. I would be shocked if they have more than $400k in retirement savings. They recently paid off their house, but lease cars (not fancy ones). The vast bulk of their HHI is my father’s income, and he works a physical job that he won’t be able to do much longer. I don’t know what to do.[/quote] Aw, OP. I'm sorry for you. I'm 55 myself and DH is 64. I can't imagine burdening our 20 something kids with this kind of worry. Your parents are QUITE young. They should not be reaching out to you with their financial troubles. They still have time to be earning and saving for the years when they cannot work.[/quote]
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