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Reply to "Do I Need to Save More for Retirement?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]DCUM is obsessed with being forced to self-pay for the most luxurious memory care facility in the country for years. [/quote] On the other end, we are paying for my divorced in-laws' end-of-life care because they saved nothing, and it sucks! I would never do that to my kids. I've separated finances to protect my savings from his spending on his parents. [/quote] Nobody's asking anyone to save nothing. We're looking at realistic bounds to what these things actually might cost. One example. My grandmother had multiple strokes and deteriorated progressively into a vegetable state for a decade+. My parents kept her alive with a feeding tube for some reason. Even over that period they used her home equity to pay bills left after government contributions. Little savings was used even in that edge case where she was artificially kept alive for more than ten years.[/quote]
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