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Reply to "What is your plan to take care of elderly parents?"
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[quote=Anonymous]My parents have been very good with their money. They mostly live off my mother's pension and haven't touched their fairly substantial savings yet. Their savings would pay for facility care if needed, though if a situation arose where they both needed care it might make more sense to hire a home healthcare aid to stretch the funds given the cost of 2 in a facility. They also recently renovated their home to make a downstairs master suite so they can age in place if needed. They are 67 and 71. My ILs are rich as sin and can sell their $5 million + house to pay for what they need if they somehow burn through the rest of their money. They are 68 and 62.[/quote]
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