[Topic is now in Personal Finance (Not Investing) - mod mkc]
I'm still trying to figure out how to plan for potential long term care needs for one, or both, of us.
The ideal would be one of us takes care of the other. Then the other dies shortly there after.
Our kids do not need an inheritance. But I do not want them to have to support us financially.
I've currently set aside $300k (it used to be $200k but when my parents died I added another $100k), plus the value of our house (another $300k) for this. Is that too much or too little?
How do you plan for such a big potential expense???
I'm still trying to figure out how to plan for potential long term care needs for one, or both, of us.
The ideal would be one of us takes care of the other. Then the other dies shortly there after.
Our kids do not need an inheritance. But I do not want them to have to support us financially.
I've currently set aside $300k (it used to be $200k but when my parents died I added another $100k), plus the value of our house (another $300k) for this. Is that too much or too little?
How do you plan for such a big potential expense???
Statistics: Posted by dknightd — Wed Dec 11, 2024 8:28 am — Replies 17 — Views 465