Reply to How much do people have saved for retirement?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]You need to think about long term care.  These unexpected expenses can wipe you out. Don't rely on Medicaid because you could end up in a horrible facility.[/quote]

This a hundred times over.  My MIL's expenses are 10K a month.  My fathers are 25K.  DH and I are trying to save a million dollars just to be used for this when our time comes.  Not even sure that will be enough but that is the best we can do.  [/quote]

Too bad your in-laws don’t have kids help out.

[/quote]

Do you want your kids to care for you?  I don't want to put that burden on my child.  Hence the savings. [/quote]

NP here and I agree with you about not wanting to over burden my children, but surely you understand that 35k a month is luxury care.  My father in law and mother both required expensive care at end of life and it was nowhere near 35k. Yes, recently and yes in HCOL areas.  Folks need to plan for these expenses, but posts like this tend to discourage saving behavior as they are completely unobtainable for the vast majority of people.  [/quote]

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