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Money and Finances
Reply to "58 and no savings and no pension"
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[quote=Anonymous][quote=Anonymous]My mother has not worked in over 25 years and it's very likely that I will have to care for her in the near future. My Dad is battling terminal cancer and will probably not live through the rest of this year. Unfortunately his life insurance policy is small (less than $50k) and they have no assets to sell. They are both in their mid-50's. I foresee my mother moving in with me when my Dad passes, but she is in denial and thinks she'll be fine. [/quote] My parents are also in a situation where they will likely need my support. One thing to consider is gov't assistance, food stamps, etc. Whatever assistance they can get will help you save for your own retirement so your children aren't in a similar situation. I'm sorry to hear about this though. [/quote]
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