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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]I agree with those who are saying that your parents are being a little too pessimistic. My widowed mom lives on about $36,000 a year in a paid off house in a lower cost of living area than here, and has about $250,000 in retirement savings still at 80. She didn't do the things I wish she would have done from 68-78, when she had the energy to do them (go on a last trip abroad) but she will be fine unless she needs home health care/nursing home care... and if that happens, Medicaid will kick in after she exhausts her assets.[/quote]
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