4 ms·
How do you account for old age in your current plan? Sock away some money to pay for hospice care at ~$4000/mo./ea. and hope you time your death accordingly? O
by tcdent 13y ago
How do you account for old age in your current plan? Sock away some money to pay for hospice care at ~$4000/mo./ea. and hope you time your death accordingly?
Or, create an environment that will support your family indefinitely. Give your children space that they own. (I'd be ecstatic if my teenager wanted to build their own house on the property.) It is, of course, possible that they'll all move away, too.
Thinking about my parents, it's very likely that they end up on my property, living in their own space, with family close-by to care for them. I'm not going to abandon them to caretakers, but I do realize that it's unrealistic to expect that lifestyle to work in a suburban tract home setting; everybody needs their space.
You're welcome to keep waiting for that one big gig that sets you free financially. I've got my own hopes for that, too, but I'm not about to let it stagnate my life.