We've been going through some of this. .....
Bean (Moderators; 17094)
Posted on: 08-08-2019 10:45.
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It's still not clear exactly what the situation is but it is probably not as dire as it initially looked. In the beginning we thought my in-laws might have to move in with us. That plus watching some friends go through this with their parents has been scary. It's absolutely shocking how little thought so many people have put into retirement planning. One excellent quote from a father to his children in regard to not having anything saved, "we had all of you so that you could take care of us during retirement." Jesus Christ. Others have shrugged their shoulders and said "I guess I'll just work until I die." Ignoring the fact that it isn't even an option a lot of the time.
I would still like to have more in our accounts but we recently boosted them enough that assuming decent growth and continued contributions, I at least feel reasonably comfortable we won't be a burden on our daughter. My father said that was his mother's goal and he had made it his own as well (and I am incredibly grateful for that).
Best of luck to you.
Look again at that dot. That's here, that's home, that's us. On it everyone you love, everyone you know, everyone you ever heard of, every human being who ever was, lived out their lives. The aggregate of our joy and suffering, thousands of confident religions, ideologies, and economic doctrines, every hunter and forager, every hero and coward, every creator and destroyer of civilization, every king and peasant, every young couple in love, every mother and father, hopeful child, inventor and explorer, every teacher of morals, every corrupt politician, every "superstar," every "supreme leader," every saint and sinner in the history of our species lived there – on a mote of dust suspended in a sunbeam.
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