Been laying low. traumatized by this 'Dad situation'.
Dad is in assisted living and not liking it and all sorts of issues. We did get a contract on his house which he signed ..no close date yet.. house is in Wisconsin..but he is very confused and upset. I have a POA for finance but no access to his account. Girlfriend is leaving and sortof dumping everything on me. I am struggling to catch up and learn everything. Takes LOTS of time.. need to get handle on his accounts, assisted living, bills, house et..
Overwhelming and Dad and I were not close. Weird. not sure how to act or what to do.
Anyway. unfortunately makes me think of how life is so short. VERY SCARY seeing Dad like this. so looking into long term care insurance.
Rough quote $1770 a year with inflation protection for $4500 a month of care.. you pay that amount for life. That was a rough high level quote . may be less or more based on more factors but overall MUCH less than I had thought.
I had one major event. TIA (mini stroke) at 36-37 due to a PFO (opening in your heart that did not close after birth. they check for thsi in kids now but older folks find out when they have a TIA from it or die). anyway. they closed the PFO ... no residual effects, no meds. but that counts against me and if you have 2 you are uninsurable.
I have an indepth interview/webinar to get a clear quote etc then you need to apply and wait 6-8 weeks to be accepted.
What have other people done? They have less benefits than $4500 (w inflation adjustments) for less cost and most likely I will have the rentals.
Does this offset the need to save so much for retirement?
I AM REALLY freaked out and aware of how short life is w seeing Dad.
is dementia at 76 early? or normal?
REALLY feeling the need to retire early and figure things out w this pressure of not having enough time left..and seeing Dad deteriorate at 75
Question-Long Term Care insurance