u/SnippyJim

Hi all,

My wife and I are planning and trying to determine how we need to prepare - mentally and financially - for the care of our parents as they age and begin to need help.

My wife's parents (long divorced) are both in their 50s and fully disabled - one on VA disablilty and the other on SSI disability. Considering their current medical issues, we are expecting them to begin to need serious help and medical care a lot sooner than most.

Neither of them have any form of financial footing, so we are trying to understand how we can help with their care in their old age with dignity without bankrupting ourselves.

We dont have the means/additional space to house them ourselves, and that really isn't an option for both due to the divorce anyway.

Is anyone familiar with any forms of assistance that is out there for elder/disabled care, or are we essentially just stuck with the bill and need to start figuring it out?

Is this something pretty much all adults need to figure out? I have heard some hard, but noble, stories about the sacrifice it can take to care for parents, but I'm shocked how little Ive heard about the financial burden involved.

Does anyone have personal experience similar to this that they can share? I'm sure this isnt that unusual of a situation, and I'm sure some adult children have had to figure it out in a worse financial situation than ours. I would also guess that it's even more difficult when parents aren't disabled and have no money saved up.

I'm sorry if my thoughts/concerns here are out of touch or insensitive. I am completely inexperienced in this area, and I wasn't sure where else to start. Very open to any suggestions and advice! Thanks in advance!

Hi all!

I'm trying to be of help to my family in learning about "asset protection"/estate planning and figuring out the options we have for an elderly relative.

Other than hiring an estate planning attorney immediately, I'm not sure where to start learning how it all works.

I'm going into this pretty much completely blind - we are primarily concerned with the costs of elder care eating up the nest egg and eventually real estate.

Does anyone have any experience or suggestions they can share?

Hey all,

I just recently started playing ABI, and I'm liking it a lot! I was curious if it's also worth giving the mobile version a try.

What are the differences between the mobile version and ABI on PC?

Is Arena Breakout Mobile still pretty active with players?

Hey all, I've been watching The Money Guy for a couple months now, and I've noticed that if you line up one of their suggestions with a common estimation they use, you would actually need to live on less and less every year after inflation. Rather than avoiding the infamous "lifestyle creep", you would actually need to shrink your lifestyle over the years.

Here are the suggestions/recommendations that made me notice this:

In their "income throughout your career" estimations, they assume a 3% annual income increase. They also suggest to invest 60% of your income increases, and add 40% to your lifestyle.

This means a 1.2% increase to your take-home pay, after investments. Most annual inflation estimates are between 2 and 4%, so wouldn't your lifestyle be slowly decreasing each year in this scenario?

Let me know your thoughts! I understand the 3% income increase estimate is just that - an estimate, but I have seen it consistently throughout their videos. I don't particularly like the estimate itself. Not sure about most people, but from my experience life is nowhere near that consistent. If you have any type of job loss, that estimate is thrown off a lot.

Edit: fixed typos