Reply to People who say they don’t plan to ever retire

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][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. 
[b]At the current rate, my parents will spend $6m on care for my mom if she lives another 20 years. [/b]
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]

How??  What kind of care does your mom require for 20 years?

The average long term care stay is less than two years.  [/quote]

Not the PP but my parents were responsible children of the Depression and lived very modest, thoughtful lives. They each retired at 65 with a solid financial plan. Combined, they had about 17 years of long term care that, of course, burned through every penny they had saved plus some from us.

I'm just a wage slave and don't even have my parents level of resources and have no plans for retirement as I hit my early 60s. 
Like trips to Europe and playing golf, a "comfortable retirement" is for other people.[/quote]

What's the point of even saving if it's all used for long-term care? Might as well be broke and go on Medicaid. [/quote]

But I might not! Maybe one of us will die suddenly and the other will get some life insurance, plus the other's retirement savings. This is my version of looking at the sunny side of life[/quote]

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