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Eldercare
Reply to "I didn't fully comprehend the cost of eldercare"
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[quote=Anonymous][quote=Anonymous]I know it's painful, but this is what retirement money is for. It's not meant to be passed down to heirs or fancy trips (although those are nice if you save a lot!), it's meant to provide care for you when you can't care for yourself. [/quote] I agree with this. My mom is about $500k into her cost of care but we’re finally nearing the end. $3k a week for 12 hours of one on one on top of over $14k a month for memory care. It’s astronomical. My brother and I have to remind ourselves from time to time that this is what our parents saved for. She has enough to cover the cost although there may not be much left over. She’d be mortified and devastated but we can sleep at night knowing we gave her the best quality of care for someone in her condition. It’s just incredibly sad any way you cut it. [/quote]
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