[russh]

Same here, I got to watch my dad burn though his retirement nest egg at an astonishing rate once he fell Ill and needed long term care. Started out at only $3800/m for assisted living and ended up at $11,000/m in a nursing home. This was by far the most stressful period of of both our lives. You will need much more money to retire than you realise unless you stay in good health or die young.

[gymbeaux]

I intend on going the suicide route if my only other option was being such a burden, financial or otherwise, to my next of kin. But you’re right, it’s a common fate for the would-be inheritance. It was around $10k/month for one set of grandparents, and as much as it sucks that they’re gone, there’s a sense of relief across the family that they didn’t live another, you know, 5 or 10 years ($600k-1.2M)

[hotnfresh]

Yeah, I don’t think inheritance is gonna be much of a thing anymore below the top percent or two of estates.

The rest of us are just temporarily holding the healthcare industry’s money, when we save. Including most Boomers.