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Reply to "What is your plan to take care of elderly parents?"
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[quote=Anonymous] It's hard to plan for, as you never know what twists and turns will come with this age group. My parents saved nothing; my-inlaws were great savers. My mother died suddenly in her 70s. I had to arrange her funeral and deal with her things. She did have just enough for a funeral, with a few thousand left over. My dad we helped out a lot, first buying him a cheap condo in Florida, then helping him get into assisted living that in Florida was less than 2 grand a month. His military service meant he was eligible for Aid & Attendance, which covered his bills there. He did of cancer in his 80s a few years after being there. We sold the condo we bought for him at a profit. My father-in-law died suddenly after battling several illnesses off and on. My MIL is still going strong in her late 80s. She has long-term care insurance. [/quote]
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