Reply to People with $5M+ NW, why do you still choose to work?

Forum Index » Money and Finances

Reply to "People with $5M+ NW, why do you still choose to work?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]20 years of assisted living would cost about $5M according to Google.  Per person so $10 if you need it for both.  
3 kids going to private college is another 1.5, and if they want to be doctors or lawyers you can add onto that.  
I also have anxiety about one of my kids getting a serious medical condition or injury where you need to pay $$$$ out of pocket to get appropriate care.  If that happened and I didn’t have th money because I retired at 50, I’d feel awful.[/quote]

20 years of assisted living? For both partners?? Risk assessment not your strength I see. [/quote]

I know a couple that the wife was in assisted living and then nursing home for total 11 yrs. Her husband the same for 9 yrs. That equals total 20 yrs so it can happen. [/quote]

It's because they could pay for the extra care. And there's a sharp difference in costs between assisted living and around the cost nursing. People who can't afford it make it work out. We do not have an elderly health crisis and homeless 80 year olds living on the streets. Think about that long and hard.

[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics