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Reply to "What is your plan to take care of elderly parents?"
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[quote=Anonymous][quote=Anonymous]My parents have long-term care insurance so that should take care of a lot of the day to day stuff. All of my siblings are located near my parents so I'd probably make myself available as the on-call sub - fly out once or twice a year for a few weeks to take care of my parents full time and coordinate those weeks with my sibs to give them a break when they need or want it most. Whereas, my siblings would probably have more on-going but part-time duties. They've arranged their finances responsibly though so I don't anticipate a lot of costs related to late-age care that we'd be responsible for. [b]My ILs though will need financial support and we're planning for that. [/b][/quote] I respect and admire those of you who provide for your parents financially in their old age. How do you do it? In our current situation, DH and I could not do this without compromising our own retirement, or our kids' college funds, or both. Moreover, DH is partially disabled and we are doing what we can to plan for his long-term needs. How do people do this without compromising their own needs (and thus passing this problem along to their children)?[/quote]
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