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Eldercare
Reply to "People who say they don’t plan to ever retire"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]My DH says this and hates his job. Why do you think people say this because they like their job? Maybe they fear they will never save enough or maybe realize they do not have enough to retire? 1%ers have more than $10M saved for retirement. (It may be $5M.)[/quote] OP - there were people saying this in another thread on money and retirement and they had plenty saved up to retire. [/quote] people say that but i often wonder whether they really know what's up. At the current rate, my parents will spend $6m on care for my mom if she lives another 20 years. That's not even counting care for my dad if he needs it, and them just being alive. general tax and inheritance tax will eat a huge amount of the rest. So unless you have a $20m+ nest egg you can't count on being able to leave your kids much, which is super important to me. I feel like i will never be able to retire based on their experience. [/quote]
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