Anonymous
03/13/2014 14:47
Subject: What is your plan to take care of elderly parents?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:My parents are relatively young (early 50's) and have a very solid retirement plan in place that will see them financially comfortable for as long as they both live. My mother has MD and will eventually no longer be able to walk so my sister and I both bought houses with walk-out in-law suites in the basements and have them renovated to be wheelchair accessible so she and my dad will be able to live with either of us if they need it. If either of my parents ever need long-term care we will have nurses come into our home to care for them.
I'm very involved with getting my grandparents care planned. They recently downsized into a nice size home that has no stairs so that they will be able to (hopefully) age in place with nurses coming in as needed. My mother and I went with them and talked to an elder law attorney to make sure their will was updated, and to create medical directives, POA's and a trust that will protect their assets in case one (or both) of them end up in long-term care.
My DH's mother is another issue unto herself. She's in her mid 60's, is financially secure and currently has no health issues - which we hope will continue. That being said she is also verbally abusive (to DH, me, and her grandchildren) and very manipulative. She will NOT be coming to live with us. If she reaches a point where long-term care is needed then she will be put into an appropriate elder care facility.
You are hilarious!
????
Early 50s = "relatively" young, seriously?
NP
That's pretty young for people who are grandparents.
My parents were highscool sweethearts, married right out of college at 22 and had me at 27. I'm now 25 and married with 1 child. It really isn't all that crazy.
DH and I are in our early 50's and our children are in HS. It isn't all that crazy for that either.
When DH hits 50 we'll have 1 in elementary school. I'll turn 50 when that one is in middle school. And we know other people our age with similar age kids.
I would call us "middle aged" but certainly not old at this point.
Anonymous
03/13/2014 14:34
Subject: What is your plan to take care of elderly parents?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:My parents are relatively young (early 50's) and have a very solid retirement plan in place that will see them financially comfortable for as long as they both live. My mother has MD and will eventually no longer be able to walk so my sister and I both bought houses with walk-out in-law suites in the basements and have them renovated to be wheelchair accessible so she and my dad will be able to live with either of us if they need it. If either of my parents ever need long-term care we will have nurses come into our home to care for them.
I'm very involved with getting my grandparents care planned. They recently downsized into a nice size home that has no stairs so that they will be able to (hopefully) age in place with nurses coming in as needed. My mother and I went with them and talked to an elder law attorney to make sure their will was updated, and to create medical directives, POA's and a trust that will protect their assets in case one (or both) of them end up in long-term care.
My DH's mother is another issue unto herself. She's in her mid 60's, is financially secure and currently has no health issues - which we hope will continue. That being said she is also verbally abusive (to DH, me, and her grandchildren) and very manipulative. She will NOT be coming to live with us. If she reaches a point where long-term care is needed then she will be put into an appropriate elder care facility.
You are hilarious!
????
Early 50s = "relatively" young, seriously?
I feel ancient now, thanks PP. I am early 50s and I am quite sure my teenagers are not worrying about how they are going to take care of me. Plus I've got to pay for 4 years of private college for each of them first. I am thankfully still mobile and have all my faculties. I am even still able to work full time in a reasonably demanding job. I hope I have a few years left before assisted living!
OP here
Haha- Definitely didn't mean to make anyone feel "ancient".
I have to admit being involved in planning for my grandparents as they age and at least being aware of my parents situation gives me a lot of peace of mind, but not everyone in their early - mid twenties is ready for that. I'd rather know their wishes now while they all are healthy then be left guessing or trying to make situations under pressure if something was suddenly to happen.
Anonymous
03/12/2014 15:23
Subject: Re:What is your plan to take care of elderly parents?
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.
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.
Anonymous
03/12/2014 14:42
Subject: What is your plan to take care of elderly parents?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:My parents are relatively young (early 50's) and have a very solid retirement plan in place that will see them financially comfortable for as long as they both live. My mother has MD and will eventually no longer be able to walk so my sister and I both bought houses with walk-out in-law suites in the basements and have them renovated to be wheelchair accessible so she and my dad will be able to live with either of us if they need it. If either of my parents ever need long-term care we will have nurses come into our home to care for them.
I'm very involved with getting my grandparents care planned. They recently downsized into a nice size home that has no stairs so that they will be able to (hopefully) age in place with nurses coming in as needed. My mother and I went with them and talked to an elder law attorney to make sure their will was updated, and to create medical directives, POA's and a trust that will protect their assets in case one (or both) of them end up in long-term care.
My DH's mother is another issue unto herself. She's in her mid 60's, is financially secure and currently has no health issues - which we hope will continue. That being said she is also verbally abusive (to DH, me, and her grandchildren) and very manipulative. She will NOT be coming to live with us. If she reaches a point where long-term care is needed then she will be put into an appropriate elder care facility.
You are hilarious!
????
Early 50s = "relatively" young, seriously?
I feel ancient now, thanks PP. I am early 50s and I am quite sure my teenagers are not worrying about how they are going to take care of me. Plus I've got to pay for 4 years of private college for each of them first. I am thankfully still mobile and have all my faculties. I am even still able to work full time in a reasonably demanding job. I hope I have a few years left before assisted living!