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Old 07-02-2017, 07:42 PM
Funding Retirement Funding Retirement is offline
Junior Member
Join Date: Jun 2017
Location: Texas
Posts: 3
Default Re: Retired Parent Question

Age is a factor. Modern medicine has allowed people to live longer and longer, but their bodies or minds don't keep up, so the parents need help. It's very expensive to hire people to fit the needs of an elderly person and it's also expensive to pay for assisted living. So, the parents move in with one of their children - which is almost always their daughter. In my experience, most families enjoy living together like that and it can be mutually beneficial. But, it also illustrates just how important it is to start investing early and save for retirement.
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