I hesitate to post this as I'm new to the community... but I've made a few vague references to my daughters medical situation. Also as it relates to FIRE (more text below the video) I was curious if anyone else has been faced with a similar situation... feeling obligated to financially support a child longer than 18 years. In our unique case, if she does only have 30 years, we'd want her to have the choice not to work her last years... but rather enjoy life.
Should make you smile this holiday weekend... and cry at the same time (fair warning, have a box of tissues handy)
EDIT: looks like you actually have to visit youtube to view it by clicking on the top left... apparently it is blocked from embedded streaming due to copyright nature and one of the songs I used in the background.
Over the last year we're had to reevaluate our FIRE plans to adjust for the fact that DW and I will most likely outlive Isla. She will almost certainly get a normal childhood and live to at least her 20's but the life expectancy of her heart is about 30 years.
Who knows that the power of medicine and science will be able to do in 20-30 years also a heart transplant around that age could extend it to more like 50-60, but is very risky for her. We've also banked the stem cells... could really come in handy down the line.
What is important now is that she's happy and healthy... absolutely no different than any other 7 month old, and at the age of 15 she'll be absolutely no different than any other teen. We are blessed.
Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!
You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!
Thank you for sharing such a heart-wrenching story. It is hoped that advances in medicine will come to the rescue for both extending life and improving quality of life.
That certainly is the truth. To put things in perspective, just twenty years ago 100% of babies born with this died at 3-7 days old (fitting the category of SIDS usually). They are born looking healthy, then take a sudden turn for the worst around 3-5 days old as their heart/lung system reaches max capacity.
Today, 75% of them survive to 2 years old (when operated on)... and 97% of those make it to 20. Who knows what another 20 years will bring
What is important now is that she's happy and healthy... .
__________________ Very conservative with investments. Not ER'd yet, 48 years old, about 98-99% in cash, CDs, munis, sizeable nest egg, WR < 3.5%, pensions, annuities, no debt, and 47-year planning horizon. Please do not take anything I write or imply as legal, financial or medical advice directed to you. Contact your own financial advisor, healthcare provider, or attorney for financial, medical and legal advice.
First off, thank you for sharing you story. We often forget how fortunate we are until we see what others are dealing with.
I have a daughter with a chronic health condition and have known a couple families with children they will need to care for well into adulthood (for health reasons). I think what you will discover, as Isla grows up, is that she will develop her own amazing support system of friends. As cruel as kids can be some times, I have also seen them be amazingly supportive to peers with similar stories. Although it is not likely something she will want to publicize to everyone, as her friends become closer friends, they will learn of her condition. And I think you will be amazed at how protective they will become of her and the support system they will offer. As a parent, that will help you a lot.
And as we all know, medicine changes and improves every day. What is risky today, could be so much less so in 20-30 years.
P.S. She has a beautiful smile….. You are blessed and she is blessed to have you and your wife as her parents.
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2008
What a touching video, I cried, but I smiled a lot too. The music/lyrics were wonderful, someone's very talented.
She is just beautiful.
Medicine will undoubtedly advance by leaps and bounds in the next 20-30 years.
Hopefully this will come across in the hopeful spirit intended. Your attitude about your circumstances speak volumes to me. It appears you plan to live life more fully and consciously for the next 20-30 years or more. I suspect her life and everyone who knows here will be much fuller and more rewarding as a result of trying to live fully every day for 20-30 years.
I'd imagine we'd all put that much more into life and get so much more out of it if we thought we only had 20-30 years. And when medicine extends that lifespan, in the end it will be an incredibly full life for all concerned, more than most of us will enjoy. You will all appreciate what life has to offer years if not decades before many people do.
Thanks for sharing the story...
It's a pity to waste your life living the same tiny day over and over again. James Taylor
Retired Jun 2011 at age 57 Target AA: 55% equity funds / 40% bond funds / 5% cash approx 20% SI (secure income, SS only) Target WR: approx 2.5%
This community was started in 2002 as an alternative to a then fee only Motley Fool. The focus of the discussions is on topics related to early retirement and financial independence. The community is moderated to ensure a pleasant experience for our members.