Quote:
Originally Posted by Ruger2506
Nice thing is. I come from a world where family and friends got your back. And I could go back to that. I’m blown away here at how many people have nobody who has their back. No wonder they need multiple millions to retire.
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My parents planned for their family. It was a great plan, there was lots of funding to cover the costs of their last weeks, should they need full-time nursing care.
Unfortunately, those weeks turned into years, because dad had never been athletic and chose not to worry about physical fitness in his later years.
Fast forward - mom has a brain-bleed stroke, and spends the next three years having more mini-strokes, and dying, with the need for 24/7 home health care that sucked ALL of her "planning" funds away. Now dad's needing 24/7 home health care, and the doctors won't put him into hospice because he could live another 3 years. So much for all HIS "planning funds." There will be nothing left for us when they're gone, and we'll probably have to cover the burial expenses out of our own limited budgets.
Planning is great if you have multiple millions. If you have less than a million, and you assume you'll go peacefully in your sleep with no long-term care necessary, you're fooling yourself.