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Old 03-03-2015, 09:37 AM
 
Location: Omaha, Nebraska
7,316 posts, read 4,162,308 times
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Quote:
Originally Posted by Emigrations View Post
At $1.4 million, you should be perfectly fine with just your own expenses, but how are your parents holding up? It seems like your primary reason to keep working is to keep them solvent.
That's it exactly. Right now, they're in good shape financially - but my father especially is beginning to age in earnest. And my maternal grandmother developed Alzheimer's disease in her old age, so my mon's definitely at risk for that. So who knows what the future is going to hold for them? As long as I'm still working, I'll be in a good position to help them financially should they need it in the future. I've seen enough sad stories over in the Caregivers' forum to know what a financial stretch it can be to give very elderly parents the help they need.

Once they're gone, I'll pause and reconsider if I want to continue working. But for now, I'd rather play it safe.
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Old 03-03-2015, 11:44 AM
 
Location: Somewhere in USA
583 posts, read 496,685 times
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Quote:
Originally Posted by Aredhel View Post
That's it exactly. Right now, they're in good shape financially - but my father especially is beginning to age in earnest. And my maternal grandmother developed Alzheimer's disease in her old age, so my mon's definitely at risk for that. So who knows what the future is going to hold for them? As long as I'm still working, I'll be in a good position to help them financially should they need it in the future. I've seen enough sad stories over in the Caregivers' forum to know what a financial stretch it can be to give very elderly parents the help they need.

Once they're gone, I'll pause and reconsider if I want to continue working. But for now, I'd rather play it safe.
I like the way you think Aredhel, and playing it safe is the way to go. I am pretty much in similar boat as you. My parents are in the high 60s and are continue to age; I am 33 and by no means stop working anytime but I am planning to support them financially for as much as they need it.
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