Reply to Why max out 401k?

Forum Index » Money and Finances

Reply to "Why max out 401k?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]I think one thing people don’t understand is how expensive elder care is. My parents with dementia have in home care. Two people during day since they are disabled and one person at night. It costs thirty thousand dollars a month. [/quote]

That is factored in by the pile of pills in my medicine cabinet.  Assuming 3 years of such case, I'd much rather leave my kid ~$1m in inheritance than live a life where I don't recognize my loved ones. [/quote]

DP: The problem with that is that you think that when you are capable, but you gradually lose capacity and often won't think the same way.  My dad also always had this "plan B" (with the goal posts of what would count as an 'unliveable life' steadily shifting) and now in his 80s we (thankfully in my view) don't hear about it as much.  My mom also in her 80s who always had a DNR had a health scare where she almost needed resuscitation and it caused her to rethink her living will as she realized that she could have been left for dead and she didn't want to be.  The will to live can be strong and dementia often comes on slowly.  Very few elderly people opt to take their own lives (though many do opt to not have lifesaving measures under different conditions).[/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